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Stocks steadier before key Nvidia results as oil slides
Investors await Nvidia’s AI-driven earnings and Federal Reserve minutes amid concerns of a tech bubble; oil prices dropped over 2%, impacted by rising U.S. reserves.
- On Wednesday, chip giant Nvidia's third-quarter results and the Federal Reserve's minutes kept markets steady as investors awaited the reports.
- Concerns about an overheated AI-led rally and a tough November have dented sentiment as investors endured a difficult month amid fears the tech rally this year may have gone too far.
- Market data showed uneven performance across US benchmarks as Nvidia shares were up 2 percent in late morning New York trading.
- Oil prices slumped, with Brent North Sea Crude at $63.49 and West Texas Intermediate at $59.39 per barrel, as reports of higher US reserves outweighed concerns over Ukrainian attacks and Target blamed sluggish consumer spending ahead of Walmart's earnings Thursday.
- Russ Mould said that 'the slightest bit of news to disappoint investors has the potential to whip up a tornado across global markets,' underscoring market sensitivity, said Russ Mould, investment director at AJ Bell.
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Total News Sources11
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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