The Economic Times

Why Nvidia, Intel, Netflix, and Palantir stocks crash today: US stock market in deep red as Nasdaq sinks 1.7% and Dow drops 555 points

The Nasdaq fell 1.7% and the Dow Jones dropped 555 points today. The S&P 500 lost 1.2%. U.S. stock market trading turned sharply negative. Tech stocks led the selloff. Nvidia, Intel, Netflix, and Palantir shares declined as investors rotated into cyclical stocks. Strong U.S. jobs data reduced hopes for quick Federal Reserve rate cuts. Rising bond yield concerns pressured AI and growth stocks. Inflation data is now the key market trigger.