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What a lot of market watchers are wondering today is: What’s next for the AI boom? Nvidia’s results don’t move the market like they used to, And over the last four quarters, Nvidia’s share price has averaged a 2.8% loss the day after earnings. Stay tuned for deep coverage of Nvidia’s earnings report when it releases this afternoon.
Aug 26 (Reuters) - Wall Street's main indexes opened lower on Wednesday after hotter-than-expected inflation data reinforced bets on another quarter-point Federal Reserve rate hike this year, as
Stocks were wobbling after another hot inflation report, but the real event for markets on Wednesday is yet to come. The Nasdaq Composite was down 0.2%. Nvidia is set to report results after the close.
Ahead of the bell US stock futures went nowhere on Wednesday morning, which tells you plenty about how much is riding on the next 12 hours. Contracts on the Dow Jones Industrial Average and the S&P 500 sat close to flat, while the tech-heavy Nasdaq 100 slipped 0.2% after Tuesday's...
US equity futures were mostly flat pre-bell Wednesday as traders awaited a key inflation report and
Stock futures were little changed Wednesday as investors awaited July inflation figures and results from the world's most valuable company
Oil prices slid in early European trade on fresh Middle East optimism, while Nasdaq futures fell as investors anticipate Nvidia’s narrative-setting earnings and U.S. inflation data.
Soaring long-duration Treasury bond yields can't be swept under the rug any longer.
Treasury yields declined, as the benchmark 10-year Treasury note yield dropped by over 7 basis points to reach 4.63%.
<body><p>STORY: U.S. stocks closed higher on Tuesday, with the Dow and S&P 500 each adding nearly a third of a percent, and the Nasdaq climbing two-thirds of a percent.</p><p>The gains could ease investor concerns sparked by a recent bond market rout that lifted yields and pressured equities. </p><p>Keith Buchanan is senior portfolio manager at Globalt Investments.</p><p>"The market, as we see it from our firm, is just grappling with, what does this newer framework of higher yields, particularly along the Treasury curve, really means for risk assets across the board? We're coming to, you know, a lot of our work is honed in on this, this one metric and this one price, if you will, across risk assets for some time. Seems like the market is finally starting to grapple with, what does that mean as far as discounted cash flows and how you price the risk of the risk landscape? And that process can be churning and frankly could introduce downside volatility. And that's one concern we have is how that really filters through, how folks like myself that sit in our seats look at the world and how we price risk going forward."</p><p>Longer-dated Treasury yields fell on Tuesday as oil prices dropped to a one-week low and traders continued to weigh the implications of Treasury Secretary Scott Bessent's decision to expand Treasury buybacks.</p><p>:: Nvidia</p><p>Meanwhile, investors are looking ahead to Nvidia's results on Wednesday as the next test for the earnings-driven rally. Shares of the AI chip giant closed more than 2% higher.</p><p>Elsewhere in the market, shares of Dick's Sporting Goods plunged 30% after the retailer cut its annual forecasts. </p><p>And shares of Target fell almost 4% after the retailer apologized for and pulled a Halloween costume criticized for evoking blackface, renewing concerns about brand missteps just as its financial turnaround effort had begun to gain traction.</p><p>On the economic data front, Wednesday brings updated inflation figures for July, just one day ahead of the start of the Federal Reserve's annual Jackson Hole symposium.</p></body>
U.S. stocks rose as another drop in oil prices and tepid economic data quelled inflation concerns. The S&P 500 gained 24.42 points, or 0.32%, to 7677.28 and the tech-heavy Nasdaq Composite added 171.11 points, or 0.66%, to 26151.30. Oil futures fell as traders weighed the relatively modest scale of a new round of U.S. economic sanctions on Iran.
The Nasdaq, Dow Jones Industrial Average and S&P 500 are trading higher today, seemingly shrugging off the continuing U.S.-Canada trade fight and Scott Bessent’s “economic D-Day” against Iran. Canada tit-for-tat trade tizzy: The escalating trade drama between the U.S. and Canada has traders watching for what's next. This comes after Trump threatened 50% tariffs on automobiles and parts from Canada starting in January.
Aug 25 (Reuters) - Wall Street's main indexes opened higher on Tuesday as technology stocks recovered from the previous session's selloff ahead of AI heavyweight Nvidia's results and an inflation
Bitcoin crossed above $80,000 as U.S. stock futures pointed higher after a tech-led slide on Monday
Oil pulled back and the dollar strengthened to a one-week high after the Treasury Secretary warned countries and companies that do business with Iran will face U.S. retaliation.
Investors weighed new trade measures against Canada and Iran, looming Nvidia earnings, and predictions for Kevin Warsh's first Jackson Hole speech as Fed chair.
Investors weighed new trade measures against Canada and Iran, looming Nvidia earnings, and predictions for Kevin Warsh's first Jackson Hole speech as Fed chair.
Oil prices fell back after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran and warned that countries persisting in doing business with the Islamic Republic would face retaliation. High yields make it more expensive for everyone to borrow, not just the government, and already have pushed up mortgage rates and hurt the housing industry.
<body><p>STORY: Wall Street's main indexes ended mixed on Monday, with the Dow adding about a quarter of a percent, the S&P 500 shedding roughly the same amount, and the Nasdaq sliding around three-quarters of a percent.</p><p>Investors braced for a busy week that includes Fed Chair Kevin Warsh's debut speech at the central bank's annual Jackson Hole symposium.</p><p>Rob Haworth is senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"We've got a big week ahead of us with Nvidia earnings on Wednesday, personal income and PCE [Personal Consumption Expenditures] also on Wednesday. So that'll be key. And then none of us are really sure what Chair Warsh is going to say on Friday morning. It probably isn't a lot about the future of monetary policy, but we are all interested in, what is the reaction function going to be? And we're maybe hopeful that he'll say something. But I think this is a market that's kind of waiting for some direction, and there's maybe a little nerves ahead of all that.”</p><p>:: Archive</p><p>Meanwhile, the Trump administration announced a possible expansion of sanctions on countries doing business with Iran as part of what it billed as an "economic D-Day," but stopped short of actually imposing penalties.</p><p>Chip stocks sold off, with Nvidia dropping 3%, Micron Technology falling nearly 6% and Broadcom sliding about 2.5%.</p><p>Separately, President Trump warned that tariffs on cars, trucks and automotive parts from Canada would be increased to 50% starting January 1 after trade talks collapsed over the weekend.</p><p>Shares of Ford and General Motors fell, while trucking company J.B. Hunt Transport tumbled nearly 6%.</p></body>
Stocks tied to the artificial-intelligence trade dropped, extending their bumpy stretch ahead of Wednesday’s all-important earnings update from Nvidia. “From a markets perspective, they tend to get ignored.”
Wall Street expects revenue to nearly double, leaving little room for ordinary execution.