US stocks opened higher, but were quickly hit by heavy profit-taking. The S&P 500 is now down 45 points, or 0.7%.
SPX daily
Big resistance comes from Nvidia, which traded 3% higher in the premarket and opened at a record high after CEO Jensen Huang’s keynote yesterday.
There was a big profit at the open, and the stock is now down 5.5%.
NVDA per day
Tesla shares also struggled, falling 4.4% after the cut.