U.S. Indexes Rise for Week as Nvidia Market Value Drops More Than $573 billion

The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 rose for the week as Nvidia recorded a sixth consecutive weekly decline, extending its longest such streak since 2012.

The Dow gained 2.07%, the Nasdaq Composite rose 2.27% and the S&P 500 advanced 2.51%. The S&P 500 posted the largest gain among the three benchmarks.

Nvidia fell 13% for the week, and its closing market value dropped below $4 trillion. The decline erased more than $573 billion in market value over the week.

The chipmaker’s six-week losing streak has brought its cumulative decline to more than 30%. TokenPost previously covered Nvidia’s move toward a sixth weekly loss.