US EditionNvidia stock turns negative — reverses post-earnings rally
Nvidia’s earnings initially boosted markets but a mixed U.S. jobs report lowered chances of Fed rate cuts, pushing major indexes down by up to 1.43%, analysts said.
- On Thursday, Nvidia, the chipmaker and AI darling, saw a relief rally from its post-Wednesday earnings beat reverse as Wall Street gave back earlier gains.
- Mixed jobs figures and CME's FedWatch tool indicate reduced hopes for a Fed rate cut at next month's policy meeting.
- Selling pressure accelerated as AI-related momentum stocks led declines across all three major U.S. indexes, and the CBOE Market Volatility Index hit its highest since mid-October, Martin added, `People just aren't done selling yet`.
- Benchmark U.S. Treasury yields dipped as investors sought safety, and risk assets fell, with bitcoin tumbling to $86,777.29 and ethereum declining 5.15 per cent to $2,835.10.
- Global markets showed mixed reactions as European shares pared gains amid Fed uncertainty and MSCI's global gauge fell 5.19 points, while Asia-Pacific and emerging market stocks gained.
26 Articles
26 Articles
Why Nvidia stock is being punished after a blockbuster earnings report
Stock markets crashed globally yesterday and this morning, even though Nvidia, the world’s most valuable company, delivered blowout, above-expectations earnings. The company’s shares declined 3.15% yesterday. And the bloodletting continued for the red-hot semiconductor maker today: Nvidia was down another 3% by midmorning’s trading. Still, the S&P 500 as a whole was flat by lunchtime, seemingly holding its own despite the storm in tech stocks. T…
Why Thursday's Nvidia Earnings-Led Stock Market Early Rally Turned Into a Rout
Two key reasons for Thursday's market reversal were increased concern that the Federal Reserve would not cut interest rates in December and jitters about an AI bubble not fully extinguished by Nvidia's earnings report.
US stocks turn negative, Treasury yields slide amid revived valuation concerns, Fed uncertainty
NEW YORK :Wall Street reversed earlier gains that were driven by a relief rally on Nvidia's earnings beat on Thursday, as a mixed employment report diminished hopes for further easing by the U.S. Federal Reserve this year.All three major U.S. stock indexes turned lower led by weakness in artificial intelligen
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