Market Report Aug 25 2023

Major indices reported significant losses on Thursday following NVDA impressive earnings release.

However, mega-cap stocks faced a downturn early on and couldn't regain their initial momentum, exerting a substantial drag on the overall market. As a result, the major indices settled close to their daily lows, pushing the S&P 500 below the 4,400 mark.

The market response after NVDA earnings likely caught many investors off guard, catalysing further decline and prompting heightened selling activity.

Javid Shaik

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