Wall Street’s rally took a breather as Nvidia Corp. led losses in megacaps, though broader-market declines were limited by continued optimism that the largest shutdown in US history is coming to an end.
Following its best session since May, the cohort of big techs weighed on equities. SoftBank Group Corp. sold its entire stake in Nvidia for $5.83 billion to help bankroll artificial-intelligence investments, with the chipmaker dropping 2.3% Tuesday. CoreWeave Inc. sank 8.4% as a lower forecast marked a setback for a company that is racing to keep up with the AI boom.
The US Capitol.
Photographer: Aaron Schwartz/Bloomberg
With the bond market closed ...
