Stock market today: S&P 500, Nasdaq slump as Nvidia struggles ahead of earnings

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Nvidia News

Nasdaq Composite,Interest Rate Cuts,Jerome Powell

Stocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.

US stocks were mixed in choppy trading on Monday with tech leading the declines as investors weighed the imminent arrival of interest rate cuts and braced for a busy week dominated by Nvidia's earnings report. The Dow Jones Industrial Average briefly touched new intraday records before giving up its gains to hover near the flatline. The S&P 500 slipped 0.4%, while the tech-heavy Nasdaq Composite sank 1% as shares of chip heavyweight Nvidia dropped.

But with only three Fed meetings left in the year — in September, November and December — and the August jobs report still to come, Wall Street is wondering when and whether a 0.5% cut is likely. Now the focus is firmly on Nvidia earnings — the marquee event of the week — which will likely determine whether the market mood stays upbeat.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500, Nasdaq rise as rate-cut conviction runs highThe market is weighing how deeply the Federal Reserve could cut interest rates in September on the eve of a key speech by Jerome Powell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rise as rate-cut conviction runs highThe market is weighing how deeply the Federal Reserve could cut interest rates in September on the eve of a key speech by Jerome Powell.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq rise as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rise ahead of Fed minutes, jobs reviewInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »