US Stock market down: Why did S&P 500, Dow Jones, Nasdaq, Russell 2000 fall? List of hit, flop Wall Street stocks

US stock market indexes fell on Thursday after big swings for Nvidia and oil prices. S&P 500 fell 26.98 points, or 0.4 per cent, to 7,592.40, Dow Jones Industrial Average fell 189.40 points, or 0.4 per cent, to 52,297.09, Nasdaq composite fell 100.10 points, or 0.4 per cent, to 25,366.09, Russell 2000 fell 47.20 points, or 1.7 per cent, to 2,799.06.

For the week, S&P 500 is up 215.54 points, or 2.9 per cent, Dow Jones is up 1,011.36 points, or 2 per cent, Nasdaq is up 786.67 points, or 3.2 per cent, Russell 2000 is up 44.96 points, or 1.6 per cent.

Why are US Stocks Down?


After dropping nearly 1 per cent at the start of trading, the S&P 500 quickly erased all of the loss before finishing with a dip of 0.4 per cent. The Dow Jones Industrial Average fell 189 points, or 0.4 per cent, while the Nasdaq composite sank 0.4 per cent after trimming an early drop of 1.6 per cent.

Stocks broadly felt pressure from a rise in oil prices after President Donald Trump said he’s no longer interested in a deal with Iran to end their war. Instead of that, Trump said he asked his vice president to investigate U.S. cities and states run by Democrats.

Key Wall Street Stocks

Nvidia’s stock plunged 14 per cent at the start of trading following the resignation of Jensen Huang, its CEO, co-founder and face of the brand. Nvidia, to be sure, is still selling AI chips at a quick rate regardless of who stands on a stage and talks them up, and analysts said it remains the industry’s leader. That helped Nvidia quickly halve its early loss on Thursday, and its stock finished with a fall of 4.3 per cent. That paring helped the broader market to recover.

CoreWeave, which buys Nvidia chips and then rents out access to them to customers over the cloud, fell 6.9 per cent. Micron Technology, which sells memory for computers that’s been getting gobbled up in the AI frenzy, sank 1.6 per cent.

Broadcom stock price rose 5.5 per cent, and Advanced Micro Devices added 5.9 per cent on hopes the rival chip companies will gain a competitive advantage. Also helping to limit the U.S. market’s losses were gains for stocks in the oil and gas industry. Marathon Petroleum climbed 2.5 per cent, and ExxonMobil added 1.8 per cent.

Global AI-linked stocks fell and AI cloud firm Nebius tumbled 16.8 per cent, its biggest daily percentage drop since July 1, after reporting its quarterly earnings and outlook. The Philadelphia Semiconductor index declined 0.5 per cent after surging 17.2 per cent over the prior four sessions.

Shares of data center-related firms IREN and Applied Digital slumped 6.5 per cent and 5.4 per cent, respectively.

The S&P 500 energy index rose 1.5 per cent, its fourth straight session of gains, as the best-performing of the 11 major S&P sectors.