Nasdaq Falls 2.2%, Gives Up Early 2.6% Gain, as Nvidia Rally Fizzles

Core Points - The Nasdaq Composite experienced a significant decline of 2.2% after an early rally driven by Nvidia's earnings report failed to sustain momentum [1][2] - The S&P 500 and Dow Jones Industrial Average also fell, with the S&P down 1.6% and the Dow dropping 386 points, equivalent to a 0.8% decrease [1] - At one point, the Nasdaq was up 2.6%, while the S&P was up 1.9% and the Dow was up 1.6%, marking the largest reversal from intraday highs to negative territory since April 8 [2]