Tech Weakens in Late Trading After Nvidia Earnings: Markets Wrap
- Russian-Ukraine conflict also weighs on equities, VIX climbs
- US dollar advances, snapping a three-day losing streak
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Big tech edged lower in afterhours trading following a disappointing revenue forecast from Nvidia Corp.
An exchange-traded fund tracking the Nasdaq 100 (QQQ) slipped 0.2% while shares of the world’s most valuable company fell 1.7% in late trading after its outlook failed to meet expectations. The forecast was offset by signs of demand for the company’s newest product line, Blackwell.