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US Stocks Mixed Amidst Nvidia Earnings and Rate Cut Speculation
2024-08-27 17:55:08
Markets
Stocks
Economy

US Stocks Mixed Amidst Nvidia Earnings and Rate Cut Speculation

Image courtesy of : AFP (SPENCER PLATT)

US stocks fluctuated with Dow slightly down and S&P 500, Nasdaq mixed. Investors eye Nvidia's earnings report and potential rate cuts.

Mideast tensions and tech sector performance impact market movements. Financial, healthcare, and consumer staples sectors show strength while tech and real estate lag.

Market awaits inflation update and Powell's comments on Fed policy. Amidst record highs and lows, stock futures show volatility.

Key earnings from companies like Nordstrom and Salesforce shape trading activity. Tech sector, Apple CFO change, and global economic factors influence market trends.

Dax hits near-record levels on economic recovery hopes, rate cut expectations, and Nvidia's performance. Zoom sees rise, Snowflake and Urban Outfitters face declines in midday trading.

Related news on that topic:

Market Rebounds on Fed's Rate-Cut Talks and Nvidia's Anticipated ... Earnings

Stocks trade mixed as Dow hits record highs on dovish Fed shift, upcoming Nvidia earnings, and rebound from August lows amidst economic data and geopolitical tensions. Investors await Nvidia's earnings as a key driver for market rally after Fed hints at rate cuts. Nvidia's impressive growth and market expectations position it as a top AI stock to watch. Fundstrat's Tom Lee examines market resilience post-volatility, focusing on Fed's rate cut possibilities and tech opportunities, particularly Nvidia's fiscal performance.

Nvidia's Earnings Report: Market Expectations and Potential Impact

Analysts remain bullish on Nvidia, anticipating strong Q2 results and significant growth potential. With key earnings updates looming, the market is closely watching for insights on revenue, chip demand, and potential delays. Nvidia's CEO, Jensen Huang, is set to discuss Blackwell GPU issues amidst global tensions and market fluctuations. Despite positive forecasts, the market is cautious, considering potential impacts on stock performance. Amid AI trends and market dynamics, Nvidia's stock is deemed attractive for long-term investments, with a target price hike to $150 by Evercore ISI. As the market eyes Nvidia's earnings report, there's anticipation for market movements and potential shifts in stock performance.

Read 4 more recent news on this topic

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The Street
27. August 2024 um 22:33

Zoom up; Snowflake, Urban Outfitters down - Midday stock movers TheStreet Daily Newsletter

Finance
Economy
Zoom up 12% on Q2 beat, raised outlook, enterprise customer growth; Snowflake, Urban Outfitters down despite earnings beats; Semiconductor stocks slide; Zoom CFO to resign, Snowflake growth decelerating; Urban Outfitters' 9.3% same-store sales decline; Wells Fargo cuts Urban Outfitters price target, maintains equal weight rating; S&P 500 down 0.4%, Nasdaq down 0.7%, Dow and Russell 2000 slip 0.3%.
The Street
31. August 2024 um 11:05

Stock Market Today: Stocks seen mixed after Fed rate-cut signal; Mideast a worry TheStreet Daily Newsletter

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US stocks mixed: Dow up 11 points, S&P 500 up 2.4 points, Nasdaq down 22 points; Mideast tensions a worry; Nvidia to report earnings, revenue; CrowdStrike, Nordstrom, Salesforce, Dell, Marvell also reporting; Personal Consumption Expenditures Price Index to rise 2.4%; S&P 500 within 1% of record; Powell's dovish comments.
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29. August 2024 um 20:04

Midday stock movers: Temu parent, Planet Fitness, MIRA Pharmaceuticals TheStreet Daily Newsletter

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Other key earnings this week include Nordstrom, Salesforce, and Best Buy, as the market trades flat with S&P 500 down 0.2% and Nasdaq down 0.8%.
CNBC
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Stock futures are little changed after Dow's record close

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CNBC's Silvana Henao reports on the news affecting markets.
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