Dow Jones | Nasdaq Today | US Stock Market News Highlights: Stocks moved lower on Wednesday (January 14) for a second day, pulling back further from record levels, as traders digested a fresh batch of earnings and monitored geopolitical developments. The S&P 500 dropped 0.5%, while the Dow Jones Industrial Average lost about 42 points, or around 0.1%. The Nasdaq Composite shed 1%.
Dow Jones | Nasdaq Today | US Stock Market News Highlights: Stocks moved lower on Wednesday (January 14) for a second day, pulling back further from record levels, as traders digested a fresh batch of earnings and monitored geopolitical developments. The S&P 500 dropped 0.5%, while the Dow Jones Industrial Average lost about 42 points, or around 0.1%. The Nasdaq Composite shed 1%.
Tech bogged down the broader market. Chip stocks in particular suffered losses, as Broadcom lost 4% and Nvidia and Micron Technology shed more than 1% each. On Wednesday, Reuters, citing people briefed on the matter, reported that Chinese customs authorities have advised customs agents that Nvidia’s H200 chips are not permitted to enter the country.