Wall Street Pulls Back Cautiously Ahead of Nvidia’s Quarterly Report
Wall Street’s three major indexes are trading lower on Wednesday morning as investors exercise caution ahead of Nvidia’s quarterly earnings report, set to be released after the market closes.
The Dow Jones Industrial Average, comprising 30 major industrial companies, is down 0.16% at 43,199.42 points. The S&P 500, which tracks 500 large-cap stocks, has dropped 0.60% to 5,881.60 points, while the tech-heavy Nasdaq Composite is down 0.78% at 18,838.80 points.
Nvidia (-1.03%), a leader in artificial intelligence, is also retreating this morning as the market focuses on its upcoming results. The stock has surged over 180% this year, driven by soaring demand for AI chips—a trend that investors hope will be reflected in the company’s earnings.
Stay updated with real-time data on the major U.S. indices through FXLeaders. Check out live updates on market movements and stay ahead in your trading strategy.
With a market capitalization of $3.6 trillion, Nvidia’s results could carry more weight than key economic reports, potentially setting the tone for the S&P 500 and Nasdaq Composite through the end of the year.
Additionally, Federal Reserve officials are scheduled to speak at public events today. Investors will be listening closely for any hints about the future direction of interest rates. Fed Chair Jerome Powell recently suggested the central bank might adopt a more patient stance.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals