US markets today: Wall Street trades mixed as rally pauses; Nvidia slides after SoftBank stake sale
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US markets today: Wall Street trades mixed as rally pauses; Nvidia slides after SoftBank stake sale

Wall Street witnessed mixed trading on Tuesday, cooling off after Mondayโ€™s sharp rally that followed a week of losses. The S&P 500 slipped 0.2% in early trading, the Dow Jones Industrial Average added 73 points, while the tech-heavy Nasdaq fell 0.5%. Despite the pullback, all three major indexes remained close to record highs, AP reported. Nvidia shares dropped 2% after Japanโ€™s SoftBank Group said it sold its entire stake in the AI chipmaker last month for $5.83 billion, weighing on sentiment in the artificial intelligence space. SoftBank shares also declined 2% in Tokyo. The sell-off followed a nearly 6% surge in Nvidia stock a day earlier that had helped drive Mondayโ€™s rebound. Analysts said investor mood remains fragile amid concerns that AI-driven valuations may have run too far, echoing comparisons to the early 2000s dot-com bubble. โ€œSentiment is everything,โ€ said Ipek Ozkardeskaya of Swissquote, adding that โ€œif investors are in a good mood, they interpret the news positively; if not, they turn cautious quickly.โ€ Investors are also tracking signs of progress on ending the US government shutdown and speculating that the Federal Reserve may cut interest rates soon. Elsewhere, Paramount Skydance gained 4.2% in after-hours trading after raising its 2026 cost-cutting goal to $3 billion, even as it missed profit and revenue estimates. In Europe, major indices traded higher โ€” Franceโ€™s CAC 40 gained 0.8%, the UKโ€™s FTSE 100 rose 0.7%, and Germanyโ€™s DAX added 0.1%. In Asia, markets ended mixed with Japanโ€™s Nikkei slipping 0.1%, Hong Kongโ€™s Hang Seng up 0.2%, and Indiaโ€™s Sensex gaining 0.4%. Brent crude rose 43 cents to $64.49 a barrel, while US benchmark oil added 35 cents to $60.38. The US bond market remained closed for Veterans Day.



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