Nasdaq Composite falls as Nvidia gives up gains, bitcoin slides
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It’s time for Yahoo Finance’s Market Minute. Stocks are giving back their gains as the risk-off mood continues in the markets. The Nasdaq fell sharply, erasing gains as Nvidia slumped and investors lowered their hopes following the release of its long-awaited September jobs report.
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Ford is reportedly facing another fire at a major aluminum supplier. According to the Wall Street Journal, it is. The second fire at the Novelis facility in New York appears to be in the same area of the facility. The aluminum supplier, remember, was aiming to restart production in December following the fire in September. Last month, Ford said it expected a $2 billion hit to fourth-quarter profit.
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And finally, Bitcoin restarted its decline by falling further below the $9,000 level; The cryptocurrency fell to its lowest level since April as investors weighed the possibility of another Fed rate cut.
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And this is your Yahoo Finance market minute. Scan the QR code below to track the best and worst performing stocks of the trading session.
