On Monday, the decline of Nvidia caused a pullback in U.S. stock indexes, interrupting a significant rally on Wall Street.
The S&P 500 fell 0.6%, retreating from its 57th all-time high of the year. The Dow Jones Industrial Average decreased by 240 points, or 0.5%, while the Nasdaq composite also slipped 0.6% from its record levels.
The overall decline in the market was influenced by the downturn in Nvidia's stock, which is a major player in the market. This decline was a reaction to the increase in oil and gold prices. This situation highlights the volatility that can arise from fluctuations in major tech stocks and commodities.