Nasdaq down -1.50% helped by Nvidia warning
Nviidia is trading down -18% after slashing revenue forecast for the current quarter and blaming China. That has the NASDAQ composite index down -1.52% at 7056.28
The other numbers for the major indices are showing:
- S&P index -28.7 points or -1.08% at 2636
- The Dow industrial average -314 points or -1.28%at 24424
Caterpillar reported earnings earlier and also cited China in their report. Intel last week claimed China for lowering first-quarter guidance. Apple release earnings after the close tomorrow. They have already warned but will another shoe drop?
China. China. China.
