Global Markets Dip as Nvidia's Performance Drives Down Wall Street Stocks

Money | June 21, 2024, 4:14 a.m.

Global shares saw mostly lower levels on Friday after a decline in Nvidia stock led to a drop on Wall Street. Major European indexes, such as France's CAC 40, Germany's DAX, and Britain's FTSE 100, all experienced slight losses. In the U.S., the futures for the Dow Jones Industrial Average and the S&P 500 also edged lower. In Japan, the Nikkei 225 ended nearly unchanged, while the yen traded near 34-year lows against the U.S. dollar. The U.S. Treasury put Japan on a watchlist for potential currency manipulation. In China, the central bank tried to stabilize the yuan as technology-related shares fell following Nvidia's decline. Despite these fluctuations, Australian shares rose, while South Korea's Kospi declined. Overall, the global market appears to be reacting to concerns over inflation, interest rates, currency volatility, and the impact of tech stocks on market performance.