logo
welcome
Investor's Business Daily

Investor's Business Daily

Futures Bounce After Dow Dives 1,100 Points; Chip Giant Plunges

Investor's Business Daily
Summary
Nutrition label

83% Informative

Dow Jones futures rose modestly early Thursday , along with S&P 500 futures and Nasdaq futures, signaling a small bounce.

The Fed cut rates by a quarter point on Wednesday to 4.25%-4.5% , for a total of 100 basis points over the last three meetings of 2024 .

The 10-year Treasury yield leapt 11 basis points to 449% as of the 3 p.m. ET close.

Bitcoin plunged 5.7% to $ 100,636 as of 4.49% on Wednesday .

Nvidia stock initially jumped to 136.70 , but ultimately fell 1.1% to 128.91 .

Shares have now fallen for five straight sessions, during which the AI chip giant has fallen well below its 50-day line to a two-month low.

Taiwan Semiconductor stock declined 2.5% to 195.56 in Wednesday 's session.

VR Score

86

Informative language

88

Neutral language

11

Article tone

formal

Language

English

Language complexity

28

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links