US Stocks Fall, Fed Meeting Looms

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disappointing trading day

Yahoo Finance

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Technology

Stock market today: Nasdaq leads stocks lower, Nvidia falls over 3% as tech rout resumes ahead of Fed decision

Summary

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85% Informative

Nasdaq drops about 1.7% to cap off disappointing trading day.

Shares of Nvidia ( NVDA ) fall roughly 3% on the heels of its annual GTC event.

Other Magnificent Seven' names are having their worst quarter in more than 2 years .

The market's largest technology companies are now leading the major indexes lower.

The Federal Reserve is expected to hold rates steady on Wednesday .

Gold prices hit a record high Tuesday after Israeli airstrikes on Gaza escalated tensions in the Middle East .

Crude oil prices fell to around $67.25 a barrel after initially rising this morning amid those worries.

Sarepta Therapeutics stock plunged over 22% in early trading following news that a patient died while taking a gene therapy.

Nvidia stock ( NVDA ) fell 3% at the market open on Tuesday ahead of the AI giant's GTC event, with CEO Jensen Huang set to deliver a keynote speech at 1 p.m. ET .

Housing starts rose 11.2% from the previous month to a seasonally adjusted annual pace of 1.501 million units.

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