Thursday witnessed the Dow Jones Industrial Average plunging over 600 points, with Boeing leading the decline due to ongoing financial strain and production issues. However, Nvidia's shares soared by 11% following an earnings beat, reaching an all-time high.
Treasury yields rose as the Fed postponed rate cuts, while oil prices rebounded. The DOJ filed a lawsuit against Live Nation for alleged monopolistic practices, causing a 7.8% drop in its shares. Despite concerns, Wall Street analysts remain optimistic about Nvidia's prospects post-stock split.
Thursday's market turbulence highlighted sector-specific dynamics in the evolving economic landscape.
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