Dow slides 600 points, S&P 500 retreats from record

Stocks fell on Thursday, with the Dow Jones Industrial Average dropping over 600 points, marking its largest single-day decline since April 30.

The Dow fell by 1.5%, led by a 6.7% drop in Boeing shares.

The S&P 500 and Nasdaq Composite also decreased by 0.9% and 0.6%, respectively, despite hitting record highs earlier.

Nvidia’s shares surged over 8% following better-than-expected first-quarter results and a 10-for-1 stock split announcement.

The company also provided strong second-quarter revenue guidance, exceeding forecasts, CNBC has reported.

read more: https://www.cnbc.com/2024/05/22/stock-market-today-live-updates.html

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