Nvidia's stock market dominance fuels big swings in the S&P 500

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Nvidia's stock market dominance fuels big swings in the S&P 500 - Channel News Asia

Quick Summary:

NEW YORK : Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn.

Nvidia's rally "got the whole market moving," said Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group.

This year, the index has failed to rise more than 1 per cent on any day when Nvidia's shares ended lower.