In the late morning trading session, we’re observing that several stocks from the prestigious Magnificent Seven group of large-cap technology companies are experiencing a downturn, which is applying pressure on the market. Nvidia Corp., initially showing gains, has since slipped over 2%, as reported by FactSet.
Currently, the S&P 500 has dipped by 8 points, translating to a 0.1% decline, placing it at 6,043. Meanwhile, the Nasdaq Composite has decreased by 28 points, or 0.2%, bringing it to a level of 19,875. Similarly, the Dow has shed 41 points, down 0.1%, positioning it at 43,871. On the smaller end of the spectrum, the Russell 2000 index has dropped by 11 points, equating to a 0.5% decrease, settling at 2,349.
