US EditionGlobal shares retreat in cautious trading ahead of Nvidia’s profit report
Nvidia, Wall Street's largest stock valued briefly at $5 trillion, influences the S&P 500 amid investor concerns on valuations and Federal Reserve rate cuts.
- On Wednesday, Wall Street edged higher as investors positioned ahead of Nvidia's quarterly earnings, which the chip company reports after trading ends.
- Nvidia's size means it briefly topped 5 trillion in value, and its moves can steer the S&P 500 some days.
- Energy markets also reacted as Constellation Energy rallied after the U.S. Department of Energy said it would lend $1 billion to restart Three Mile Island, while benchmark U.S. crude fell $1.17 to $59.50 and Brent crude dropped $1.16 to $63.73.
- The S&P 500 added 0.1% in afternoon trading after earlier swings and was coming off a four-day losing streak, while the Dow Jones Industrial Average was down 76 points and futures showed modest gains before the bell.
- Because Nvidia is viewed as a bellwether, its earnings could influence investor sentiment beyond a single trading day amid market sensitivity after a recent four-day losing streak and Federal Reserve worries.
13 Articles
13 Articles
Markets were dominated by Nvidia's after-hours quarterly results in the United States all Wednesday. In the lead-up to the results, Wall Street was optimistic, and markets closed higher. In Amsterdam, the AEX gained 0.3 percent, closing at 933.3 points. Universal and InPost were the standouts, but tech also gained.
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CTV NewsGlobal shares retreat in cautious trading ahead of Nvidia’s profit report
Wall Street bounced back from this week’s losses early Wednesday ahead of the latest earnings report from Nvidia, considered a bellwether for artificial intelligence sector. S&P 500 futures gained 0.3% before the bell, Dow Jones Industrial futures ticked up 0.1% and Nasdaq futures rose 0.4%. Nvidia reports its earnings for the last quarter after the closing bell. The most influential stock on Wall Street, Nvidia steers the direction of the S&P 5…
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