Nvidia Hit by Chip Sell-Off as Stocks Plummet Following Jobs Report

As the trading day comes to a close, semiconductor stocks have taken a hit while Apple managed to break its losing streak. Here are some of the key highlights from today’s market activity:

• Shares of 3M (MMM) rose 1.4% after announcing a spin-off of its healthcare unit.
• Apple (AAPL) shares rose 1% to snap a seven-session losing streak.
• Intel (INTC) sank 4.7% after disappointing earnings forecasts from peers.
• Boeing (BA) shares fell 2.2% after a United-operated 737 jet incident.
• Cruise operators saw gains, with Carnival Corp (CCL) leading the pack.
• BlackRock (BLK) edged 0.5% higher after announcing an acquisition.
• Eli Lilly (LLY) fell 2.4% due to a delay in its Alzheimer’s drug release.
• United Airlines (UAL) shares slipped 1.9% following an incident in Houston.
• Tesla (TSLA) dropped 1.9% to a 10-month low.
• Biogen (BIIB) gained 1.8% on positive news related to Alzheimer’s drugs.
• Marvell Technology (MRVL) tumbled 11.4% after disappointing sales and earnings outlook.
• Costco (COST) slid 7.6% after quarterly sales disappointed.
• Broadcom (AVGO) shed 7% after reiterating its full-year guidance.
• MongoDB (MDB) fell 6.9% after forecasting lower-than-expected earnings.
• Other semiconductor stocks like Nvidia (NVDA) and Qualcomm (QCOM) also saw declines.

Overall, it was a mixed day for the market with some stocks seeing gains while others faced losses. Stay tuned for more updates on market trends and stock movements.