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The Dow Jones index fell a
The Dow Jones Industrial Average fell nearly 200 points, Thursday, after the release of hotter-than-expected US inflation data led to a rise in Treasury yields, while shares of chip giant Nvidia were experiencing pressure that led to their decline.
Stocks closed lower on Thursday, after a hotter inflation report weighed on stocks and sent Treasury yields higher.
The S&P 500 fell 0.29% to close at 5,150.48. The Dow Jones Industrial Average fell 137.66 points, or 0.35%, to end the session at 38,905.66, while the Nasdaq Composite Index fell 0.3% to 16,128.53.
The hot inflation report sent bond yields higher, with the benchmark 10-year Treasury note adding 10 basis points to 4.29%. Nvidia shares fell for the fourth session in five sessions, falling more than 4%.
Investors were buying major technology stocks such as Apple and Microsoft on Thursday. And shares of the trading platform Robinhood
It rose 5% after the company reported a 16% increase in assets under custody in February compared to the previous month.
Electric vehicle startup Fisker's stock fell 53% after the Wall Street Journal reported that the company has hired restructuring advisers to prepare for a potential bankruptcy filing.
