Of cracking the uk market. Live from london, this is business today. It this is business today. Is packed. I m sally bundock. This is business today. Let s get going. We start with al chip maker nvidia. Its record rise to one of the world s most valuable companies has wowed wall street. Now, it s breaking records again, but not in the way it wanted. On tuesday, nvidia lost the most stock market value in a day of any company in us history as part of a steep sell off that hit tech shares particularly hard. Nvidia continued to fall after hours as bloomberg reported that it has received subpoenas from the department ofjustice, which is investigating whether it has been abusing its dominance of the market for al chips. Let s just show you the numbers because they are pretty staggering. Almost $279 billion that was the amount wiped off the value of nvidia over the course of the trading day. It adds to losses last week after the company s forecasts disappointed investors. Nvidia has been th
You can t not win. And i got millions of more votes than that, and lost by a whisker. That was donald trump appearing to finally concede that he lost the 2020 election. We ll see if he backtracks on that and get more from that interview, which took place less than a week before the first presidential debate between the former president and vice president harris. Also ahead we ll go through the department of justice s indictments of six senior hamas leaders for the october 7th terror attacks in israel. And meanwhile, israelis continue massive protests over the killings of six hostages in gaza demanding a ceasefire deal and blaming prime minister benjamin netanyahu for their deaths. Good morning and welcome to way too early on this wednesday, september 4th. I m jonathan lemire. Thanks for starting your day with us. We ll begin this morning with the department of justice, which has charged six senior leaders of hamas with terrorism and other crimes in connection to the october 7th attacks
This comes after a rally this comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. Index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. In other news china has announced a probe of canadian a former edge of the governor of new york has pleaded not guilty to acting as a chinese trade and technology partn| to 1ips will be trade and technology partn| to acting ll be trade and technology partn| to acting as e trade and technology partn| to acting as a chinese guilty to acting as a chinese agent. 0scars allege they agent. 0scars allege they followed orders from beijing to followed orders from beijing to advance china s interest. In advance china s interest. In exchan
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi
August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,