Shares of technology and software companies, including NVIDIA Corporation (NASDAQ:NVDA), are trading lower amid overall market weakness. Concerns over future Fed rate hikes have weighed on growth sectors while economic slowdown concerns have pressured market sentiment.
Fed policy outlook, rising Treasury yields and quarterly earnings reports have dragged markets lower in April. Last Tuesday’s session saw a 3-year high of 2.940% for the 10-year note.
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According to data from Benzinga Pro, Nvidia is trading lower by 5.32% at $188.44. Nvidia has a 52-week high of $346.47 and a 52-week low of $134.59.
