A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Aug. 29, 2024, in Tokyo. – Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy afterNvidia, one of several companies that have ridden a wave of enthusiasm over artificial intelligence developments, reported earnings Wednesday.The results showed a strong profit, but Nvidia stock fell 2.1%, though it is up 153% for the year.
Investors are looking ahead to Friday, when the U.S. government releases its latest data on inflation with the PCE, or personal consumption and expenditures report, for July. Stocks on Wall Street closed lower, as a pullback in big technology companies outweighed gains elsewhere in the market. The S&P 500 fell 0.6%, weighed down by drops in Nvidia, Apple, Microsoft and Amazon.
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:
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.
Asian shares mostly slip as market focus turns from Nvidia to US economyAsian shares are mostly lower as market attention turns to upcoming data on the U.S. economy after Nvidia reported its financial results.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian chipmaking stocks sink tracking Nvidia lossesAsian chipmaking stocks sink tracking Nvidia losses
Source: Investingcom - 🏆 450. / 53 Read more »
Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia.
Source: ksatnews - 🏆 442. / 53 Read more »
Asian benchmarks mostly decline as markets await Nvidia earningsAsian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. Benchmarks fell in Tokyo, Sydney, Seoul, Hong Kong and Shanghai in Wednesday morning trading.
Source: AP - 🏆 728. / 51 Read more »
Intel's 21.5% share plunge drags global chip stocks; Nvidia falls 3.5% in premarket tradingAsian stocks including Samsung and TSMC closed lower as European chip firms including ASML also dropped.
Source: CNBC - 🏆 12. / 72 Read more »