Stock market today: Stocks fall from records as Tesla, Nvidia lead tech sell-off
Stock market today: Stocks fall from records as Tesla, Nvidia lead tech sell-off
https://finance.yahoo.com/news/stock-market-today-stocks-fall-from-records-as-tesla-nvidia-lead-tech-sell-off-200114295.html
Summary
Certainly! Here are the key takeaways from the article "Stock market today: Stocks fall from records as Tesla, Nvidia lead tech sell-off":[^1^][1]
- Market Decline: US stocks fell as investors rotated out of tech stocks after a key inflation report showed consumer prices unexpectedly fell on a month-over-month basis for the first time since 2020[^2^][2].
- Tech Sell-Off: The S&P 500 dropped 0.9%, Nasdaq Composite sank almost 2%, and Big Tech stocks like Nvidia and Tesla experienced significant declines.
- Inflation Data: The Consumer Price Index (CPI) last month declined 0.1% over the previous month, with an annual gain of 3.0%, the slowest rise in consumer prices since early 2021[^3^][3].
- Rate-Sensitive Sectors: Investors flocked to rate-sensitive sectors like Real Estate and Utilities following the cooler-than-expected inflation print[^4^][4].