Stock Market Update: Global Stocks Slip Amid Nvidia Concerns on Wall Street

Money | June 21, 2024, 5:23 a.m.

Global shares were mostly lower after Wall Street saw a retreat driven by a drop in NVIDIA stock. The CAC 40 in France and Germany's DAX both dipped, while Britain's FTSE 100 also declined. Japan's Nikkei 225 finished nearly flat after the government reported an uptick in inflation. The US dollar remained strong against the Japanese yen, leading the Treasury to add Japan to its watchlist for currency manipulation. China's central bank worked to stabilize the yuan, setting a higher value than expected. Technology-related shares in China fell following NVIDIA's decline. The S & P 500 and Nasdaq slipped from their record highs, with NVIDIA contributing to the dip. In the energy market, benchmark U.S. crude oil and Brent crude both saw slight decreases.