Wall Street ends sharply lower as Nvidia slides


The S&P 500 declined 1.66% to end the session at 6,737.49 points. The Nasdaq fell 2.29% to 22,870.36 points, while the Dow declined 1.65% to 47,457.22 points.

WALL STREET: Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the US economy's health.

All three major US stock indices posted their steepest daily percentage declines in over a month. The US government reopened after a record 43-day shutdown that had worried investors and disrupted the flow of economic data.

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