After a sharp semiconductor selloff, the Nasdaq managed to claw back some losses. Nvidia’s stock fell by 5%, weighed down by investor concerns around OpenAI’s funding strategies. Meanwhile, Coca-Cola experienced a strong 6.5% surge, bucking the tech trend.
The Federal Reserve’s ongoing meeting has traders on edge with the possibility of another rate hike, adding tension to market movements. This comes amid a broader tech shakeup that also saw crypto markets dropping billions recently.
