The most impressive part of the market’s rebound in the past couple days? Nvidia had nothing to do with it.
With the S&P 500 and Nasdaq Composite posting solid gains for the second day in a row, Nvidia is in danger of its sixth-straight daily decline.
The stock is moving in and out of positive territory and is down 6.3% over the past six days. It’s on pace for its longest losing streak since Sept. 6, 2022, according to Dow Jones Market Data. It has shed $277.7 billion in market cap in this stretch.