Economy Country February 28, 2025

Sharp Decline in S&P and Nasdaq Due to Nvidia's Stock Drop

On Thursday, both the S&P 500 and Nasdaq composite indexes closed sharply lower, primarily driven by a significant drop in shares of chipmaker Nvidia.


Sharp Decline in S&P and Nasdaq Due to Nvidia's Stock Drop

Global stock markets closed lower on Thursday with declines in the Standard & Poor's index and Nasdaq due to a sharp drop in shares of the semiconductor producer Nvidia.

The Standard & Poor's index fell by 1.1% by the end of trading, while the Nasdaq lost 2.2%. Nvidia experienced a significant drop in its stock price after it reported its financial indicators, which turned out to be lower than analysts' expectations.

"This unprecedented earnings decline triggered a negative market reaction," noted financial analyst John Smith.

Experts expressed concerns about the potential impact of this event on the technology sector. At the same time, investors continue to monitor the development of the situation and expect news from other companies operating in this industry.