Eyes are on Nvidia shares again today after the 9.5% fall yesterday led to the largest one-day market-cap decline in the history of markets. The DOJ issued an anti-trust subpeona after the close and that’s led to a further 1.4% decline in shares in the pre-market, though many people believed that must have leaked yesterday.
As for the broader market, this is an interesting take from Cramer:
Here is another interesting stat from Ryan Detrick:
95 years ago today (Sept 3, 1929) the Dow Jones Industrial Average made a new high and was up 27% for the year.
It then fell 89.2% into July 8, 1932.
It didn’t hit another new high for more than 25 years, when it finally did on November 23, 1954.
This article was written by Adam Button at www.forexlive.com.
