Posted 2/20/2024, 6:48:00 PM
Stocks Mostly Down as Tech Drags Market Lower Ahead of Fed Minutes
- The Dow fell 0.2% while the S&P 500 dropped 0.8% and the Nasdaq tumbled 1.4% amid broad market losses
- Nvidia stock fell 6% ahead of its earnings report on Wednesday, with shares facing their largest ever one-day market cap loss
- Retail leaders Walmart and Home Depot reported strong earnings results, boosting Walmart to an all-time high
- The Federal Reserve's latest meeting minutes are due on Wednesday, with investors seeking clues on potential rate cuts
- Credit card firm Capital One is acquiring Discover Financial in a $35.3 billion deal, sending Discover stock up 14%