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S&P 500 Drops But Grips Key Level While Nvidia, AI Stocks Stumble; Inflation Data Next
The S&P 500 finished lower in Thursday’s mixed session in the stock market, as Nvidia (NVDA) shares backed off gains following the chipmaker’s earnings beat and sparked heavy losses in many artificial intelligence names, including Advanced Micro Devices (AMD), ASML (ASML) and Broadcom (AVGO). The Nasdaq composite lost the most, falling 1.2%. The S&P 500 declined 0.5% while the Dow Jones…