US EditionStocks Open Lower on Wall Street After Last Week's Rally
Investor optimism in Asia-Pacific markets rose as expectations for a September US interest rate cut reached 84%, boosting key sectors ahead of Nvidia's earnings report.
- On Monday, Asia-Pacific markets advanced, tracking Wall Street's rally after Federal Reserve Chair Jerome Powell's Jackson Hole remarks suggested policy could be adjusted.
- Futures traders reacted to Jerome Powell's Jackson Hole remarks, with Stephen Innes noting, `Expectations for a September cut now hover near certainty.`
- Mumbai's markets opened the week with gains as Infosys, Tech Mahindra and TCS led the rally, with the Nifty rising 71 points to 24,941 and the BSE Sensex gaining 251.41 points.
- The dollar fell as investors priced in easier U.S. policy, lowering the U.S. dollar against major currencies; the two-year Treasury yield dropped to 3.69%, while the Dow Jones Industrial Average closed at 45,631.74 on Monday.
- Rising U.S. inflation surprises and $183 billion in new debt supply could test the rally, while Nvidia's earnings on Wednesday may trigger significant market moves.
109 Articles
109 Articles
Wall Street ends down as traders focus on Nvidia, Fed | Honolulu Star-Advertiser
Wall Street stocks ended lower today as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia’s quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.
The New York Stock Exchange closed in red this Monday, on the first day of a week marked by the publication of several economic indicators and the financial results of the giant of the Nvidia semiconductors. According to preliminary data, the S&P 500 lost 0.43%, to 6 thousand 438.98 units, while the Nasdaq Composite dropped by 0.22%, to 21 thousand 449.29. The Industrial Average Dow Jones dropped 349.91 points, or 0.77%, to 45 thousand 281.83 in…
This week, the eyes are on Nvidia, but the start was not encouraging.According to the original report, U.S. actions fell on Monday, reversing the recent rebound.The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) dropped by about 0.2%, while the Nasdaq Composite (^IXIC) slipped by 0.3%.Last week's unexpected reboundDespite this week's troubled start, last week culminated in an amazing rebound.The Dow Jones Industrial Average shot mor…
Nasdaq Composite Live: All Eyes are on Nvidia Earnings this Week
At the moment, futures are pointing to a lower open. The Dow Jones is down about 105 points. The S&P 500 is down 19, with the Nasdaq down about 87 points. There are hopes that markets can continue to rally. Especially after Federal Reserve Chair Jerome Powell signaled potential interest rate cuts at the September meeting. In fact, as noted by NPR, “Speaking to a gathering of economists and central bankers in Jackson Hole, Wyo., Powell said curre…
(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = KOSPI rose above the 3,200 mark amid a favorable wind brought about by the dovish remarks of U.S. Federal Reserve Chairman Jerome Powell...
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