Economic TimesLean R·
US stocks: S&P 500, Nasdaq close lower as Nvidia woes and rate-hike bets pressure US market
The S&P 500 and Nasdaq ended lower on Friday as Nvidia-related concerns weighed on technology stocks, while the latest inflation data did little to change expectations for further Federal Reserve rate hikes.The S&P lost 31.53 points, or 0.42%, to end at 7,560.87 points, while the Nasdaq Composite lost 230.13 points, or 0.91%, to 25,135.96. The Dow Jones Industrial Average rose 46.14 points, or 0.09%, to 52,343.23.Nvidia's shares fell and recorded their sixth straight week of declines, t…
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