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Nvidia Extends Losses as Tech Stocks Retreat Amid Defensive Buying

Guavy AI Editorial Team
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NVDA
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The Dow Jones Industrial Average (^DJI) rose 0.26% to 53,417, outperforming the broader market as defensive buying countered a sharp tech retreat.

The Nasdaq Composite (^IXIC) fell 0.76% to 25,980, and the S&P 500 (^GSPC) dropped by 0.28% to 7,653.

Nvidia (NVDA), a key player in the tech sector, continued its downward slide, falling 2.9% as investors reduced risk ahead of its pivotal earnings on Wednesday.

The company's stock price has now dropped for seven consecutive days, making it a focal point for market watchers.

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