How major US stock indexes fared Tuesday, 2/20/2024

How major US stock indexes fared Tuesday, 2/20/2024

SeattlePI.com

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Technology stocks led Wall Street broadly lower as chipmaker Nvidia pulled back ahead of its earnings report this week. The S&P 500 fell 0.6% Tuesday. The benchmark index is coming off only its second losing week in the last 16. The Nasdaq composite gave up 0.9% and the Dow lost 0.2%. Nvidia, which has ridden a wave of investor enthusiasm over artificial intelligence, lost 4.4%. The stock has more than tripled over the past year. Walmart rose 3.2% after reporting stronger-than-expected results for its latest quarter and issuing sales forecasts that came in ahead of what Wall Street was expecting.

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