A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in Tokyo, Japan, March 22, 2023. REUTERS/Issei Kato/File Photo
Nvidia, the world's most valuable company, was down 2.5 per cent after the artificial intelligence chipmaker reported strong quarterly results but issued lacklustre sales forecasts. "The earnings of Nvidia were really solid and the market traded off a little bit but I don't think it was a major event that it could have been," said Mark Malek, chief investment officer at SiebertNXT in New York."So we put that behind us and when we look at what else might be driving the market this week ... People are starting to think about what has happened to the market since Trump was elected and some of the appointments he's been making.
The euro fell to a two-year low while the dollar gained after gauges of business activity were released in each region. The dollar index, which measures the greenback against a basket of currencies, rose 0.57 per cent to 107.67, with the euro down 0.73 per cent at $1.0397 after falling to $1.0333, its lowest since Nov. 30, 2022.
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