After a fleeting moment in positive territory, US stocks ended with heavy losses on Thursday, as the optimism surrounding tech giant Nvidia's stellar second quarter quickly faded.
US stocks closed with decent gains on Wednesday, as investors waited with anticipation for earnings figures from heavyweight tech group Nvidia, due out after the closing bell.
Wall Street stocks showed a varied performance on Tuesday, with major indices ending the day on a split note as investors awaited an impending speech from Federal Reserve chair Jerome Powell later in the week.
Wall Street’s major indices closed in the red on Thursday, after 10-year Treasury yields surged to their highest mark since the global financial crisis of 2008.