Stock Market Update
07-Jun-24 11:35 ET
NVDA falls under profit-taking; GME plunges
Dow +65.65
at 38951.82,
Nasdaq -13.56
at 17159.56,
S&P +1.50
at 5354.46
[BRIEFING.COM] The market exhibited somewhat choppy action over the last half hour. The Nasdaq Composite moved back below its prior closing level.
Gains in the mega cap space continue to support the broader market. The Vanguard Mega Cap Growth ETF (MKG) is up 0.1%. NVIDIA (NVDA 1192.23, -17.74, -1.5%) is a notable exception, trading lower due to profit-taking activity.
In other news, GameStop (GME 37.15, -9.37, -20.1%) shares are plunging in response to a disappointing fiscal Q1 earnings report but mainly in response to the company filing to sell up to 75 million shares of Class A common stock.
