Stock Market Today: NVIDIA Stock Falls
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Investors shrugged off recent AI-disruption concerns and pushed all three major U.S. stock indexes higher on Wednesday. Nvidia's earnings are due after the closing bell.
IT majors including Infosys Ltd, Tata Consultancy Services (TCS), HCL Technologies Ltd and Tech Mahindra Ltd also weighed on sentiment. Other key losers included Bharti Airtel Ltd, Eternal Ltd and Trent Ltd.
Circle Internet Group stock (NYSE: CRCL) jumped over 17% in premarket trading on Wednesday after the stablecoin issuer posted a sharply stronger Q4 and surprised investors with just how fast USDC is expanding.
The Nifty 50 settled 317 points or 1.25% lower at 25,178 and the BSE Sensex shed 960 points or 1.2% to 81,287.19.
Futures for the three major indexes were trading mostly higher as investors looked to recover from Monday's selloff. Dow futures gained 56 points, roughly 0.1% higher. S&P 500 futures were up 1.75 points,
In early trade, market breadth was positive, with 758 stocks advancing against 1,674 stocks declining on the NSE. 94 stocks remained unchanged.
US stock market indices like the Dow Jones and the S&P 500 opened higher, while the Nasdaq Composite dropped as investors avoid big bets on software and cloud stocks. Follow all US stock market live updates here.
This "bearish force" could shake the stock market.