English
Nvidia shares gain $16 billion in a single day
Major US indices closed with collective losses on Monday ahead of crucial events this week, when Americans will elect a new president and the Federal Reserve will announce its interest rate decision.
Some trades linked to Republican candidate Trump fell after a recent poll showed Democratic candidate Kamala Harris ahead in Iowa, sending the dollar, Treasury yields and Bitcoin lower.
As for the Fed decision, markets are currently betting 98% on a 25 basis point rate cut at the next meeting.
The Dow Jones Industrial Average fell 0.6%, or 258 points, on Monday to close near its lowest level in 7 weeks.
The Nasdaq Composite and the S&P 500 also fell about 0.3% each to near their lowest levels in 4 weeks.
The biggest gainer among the 11 major sectors in the S&P 500 was the energy sector, which rose about 2% as oil prices rose after OPEC+ decided to postpone plans to increase production.
Wall Street's volatility index (fear) rose slightly in Monday's session to close near its highest levels in two months.
Nvidia shares closed up 0.5% in Monday's session, recording a second consecutive daily gain, as the company added $16 billion to its market value in one day.
During the session, Nvidia shares gained more than 2% to become the largest company in the world by market value, which reached $3.39 trillion, surpassing Apple's market value of $3.35 trillion.
The gains came after the announcement of a change in the components of the US industrial index, with Nvidia shares replacing Intel as of the end of this week.
