August 27, 2024 at 6:28PM EDT -- Stocks fluctuated in a tight range just a few hours ahead of results from Nvidia Corp. — the last of the so-called Magnificent Seven megacaps to report.
“The entire universe waits for a ‘certain’ chip company to report earnings,” said Dave Lutz at JonesTrading. “Markets are dead quiet as we await Nvidia tonight and PCE Friday.” Of course, a big pick up in “activity” does not mean we’ll definitely get a big pick up in “volatility,” but it’s a good bet that investors will not be sitting on their hands as much on Thursday as they have for much of this week, Maley noted.
• Abercrombie & Fitch Co. beat analysts’ sales expectations for the sixth consecutive quarter, but it wasn’t enough to impress investors who have grown accustomed to the ’90s fashion comeback.
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