Markets slide as Nvidia shares plunge almost 10%

Published On Sep 3, 2024, 10:15 PM

UK shares dropped on Wednesday morning, influenced by declines in Asian and US markets due to concerns about the US economy. US manufacturing activity remains weak, and investors are anxiously awaiting US jobs data due Friday. Nvidia's shares fell nearly 10%, although they are still significantly higher compared to last year. Major European indexes also experienced declines, reflecting widespread uncertainties about global growth and the Federal Reserve's upcoming interest rate decisions. Notably, shares of major US tech companies, including Nvidia, dropped sharply, raising concerns about the sustainability of recent gains in the sector. Overall, investors are awaiting further economic indicators before making decisions.