Nasdaq Tests Key Level On AI Warnings Ahead Of Fed Meeting; Nvidia, Sandisk, Micron Tumble

Cautionary signals from industry leaders drove artificial intelligence stocks lower, but major indexes recouped some of their losses in Monday’s stock market. AI chip giant Nvidia (NVDA) triggered a sell signal. Meanwhile, the 10-year Treasury yield crossed the 5% mark intraday before the start of the Federal Reserve’s two-day meeting. The Nasdaq suffered a drop of 0.6%, but the tech-dominated…