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M.L.B. Playoff Ads With Sydney Sweeney and Megan Fox Draw Backlash
Netflix Scrambles to Rewrite Its Narrative With Layoffs and a Sudden Firing
Mexico Says Airlines Can Add US Routes From Mexico City Airports
Air-Traffic Controllers’ Practice of Leaving Work Early Targeted in Pay Deal
Graza CEO on Market Expansion, Consumer Outlook
US lifts restrictions on new Mexican flights from capital’s airports
Grynspan holds lead for next UN chief as race enters decisive stage
TGI Fridays CEO on Company Turnaround, Expansion Plans
Democrats Outpace Republicans in Congressional Fundraising
Mexico Set to Approve $12.5 Billion in Renewable Power Projects
LA restaurant group used $60,000 Dodgers bet to hedge playoff risk, Kalshi says
Upgrade’s Bank Ambitions Show How FinTech Growth Expands Choices
FAA, Air Traffic Controllers’ Union Reach Agreement on Pay Bump
Novavax shareholder Shah Capital to step back from activist role
Healey says new Heathrow runway would boost ‘growth’ despite Burnham wavering
Gold prices slip for the week as oil gains offset weaker dollar, U.S. bond rally
Proofpoint taps JPMorgan, UBS for $1.25 billion debt deal - Bloomberg
Russia stocks higher at close of trade; MOEX Russia Index up 1.70%
As AI rally wobbles, stock market’s spotlight turns to earnings
Moody’s upgrades Egypt to B3 on fiscal reforms, keeps positive outlook
US air traffic controllers reach deal with FAA for 2.8% pay rise, WSJ reports
Katie Zacharia Out of the Job as Trump’s Press Secretary
Brazil may offer credit lines to ease impact of tax, labor reforms, minister says
Meta Withdraws $25 Million from Its Midterms Push
Apple blames ‘extraordinary’ demand as foldable iPhones sell out
US Markets Decline Amid Inflation Concerns and Rising Oil Prices
Exclusive-Boeing sales chief McMullen to retire, company memo says
Sound Inpatient nears $1 billion refinancing with existing lenders - Bloomberg
Foreign Holdings of US Treasuries Rise From Almost One-Year Low
Brent hits 5-month high above $110 on continued tension in Middle East
Air Traffic Controllers Reach Deal With FAA for 2.8% Pay Increase
Celanese stock falls after raising LCP prices globally
Federal Judge Denies Gemini and CFTC Bid to Erase 2025 Settlement
Gold Steady as Rate-Hike Bets Ease, Oil Pushes Yields Higher
Dollar Has Worst Week in Month With Warsh Quiet on Rate Path
Big Tech stocks suffer biggest weekly drop since ‘liberation day’
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.34%
Canada stocks higher at close of trade; S&P/TSX Composite up 0.11%
Compass Sues California Home Listing Service Over Rules
Coreweave Slides 25% for the Week as AI Credit Concerns Grow | Closing Bell
Nasdaq notches worst week since late June with a 4.5% slide as AI trade suffers
Peru Indigenous Group Bids for Part of China-Owned Mine
SoftBank weighs $18 billion acquisition of Allied Universal, Bloomberg News reports
Moody’s upgrades CVR Energy to B1 on improved balance sheet and liquidity
Trump Task Force Orders Report on AI Dangers
RNAi Developer City Therapeutics Jumps 24% After Upsized IPO
Trump, Pichai and Even Altman Praise Tesla’s Flying Roadster EV
Ukraine’s Zelenskiy blasts US-Russian diesel deal, welcomes bigger European role in peace process
FAA nears approval for Boeing 737 MAX 10 jetliner - reports
FAA set to approve Boeing 737 MAX 10 as soon as next week, sources say
Chip Stocks Post Longest Losing Streak Since 2008: Markets Wrap
Taco Bell Says AI Helps Workers Live Más, Quit Less
Stablecoins Take Aim at Cash Locked in Prefunding
Regions Bank Says AI Cybersecurity Drives Up Costs 1.5% to 3.5%
Rich make millions by flipping private jets
Oil set for weekly surge on Mideast supply fears, Russian diesel deal uncertainty
Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears
Stocks slip as dollar heads for weekly loss
American Dream Running Past Us: Freedman
US Consumer Is 'Roughed Up,' But Spending, Porcelli Says
US Regulator Approval of Boeing’s Largest 737 Max Jet Imminent
People Losing Out On Home Equity: Brown Harris CEO
Crude Oil WTI overbought at $101.49 with RSI 78: Live levels
London Gas Oil consolidates at $1,457 in tight range: Live levels
Tesla breaks $350 support with bearish momentum: Live levels
Nearly 12,000 California residents bought EVs using state rebate program
US arms firm Anduril could make interceptors in Europe, executive says
Bank of America Fights Off Volatility, Sells $8 Billion of Bonds
US Fiscal Year 2026 Budget Deficit Reaches Largest Level in Five Years
Nvidia Experiences Significant Price Drop After Recent Highs
Nvidia Corporation, a leading American technology company, has seen its stock price decline sharply after reaching an all-time high of $243.37 last Tuesday. Over the past week, the stock has closed lower on six out of seven trading days, culminating in a low of $212.85 today, marking a 12.54% drop from its peak. This downturn has brought the stock price to a critical technical support area, prompting a response from buyers.
The decline accelerated after Nvidia fell below a swing area defined by previous highs between $230.32 and $236.54, which shifted the dynamics in favor of sellers. Today's trading gap introduced two significant technical levels: the 100-day moving average at $214.47 and a 38.2% retracement level of the 2026 trading range at $213.15. Although the stock briefly dipped below these levels, it rebounded to around $217, indicating potential for recovery.
Traders are now closely monitoring whether Nvidia can maintain its position above the 100-day moving average, as holding this level is crucial for sustaining the recovery attempt. The stock's performance in the coming days will be pivotal, with resistance levels at approximately $222, $226.14, and $230.63 serving as benchmarks for buyers to regain control. The current market situation highlights the delicate balance between support and resistance as Nvidia navigates this volatile trading environment.
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Source: KLEA News