Asian Stocks to Slip as US Holds Breath for Nvidia: Markets Wrap

-- Stocks in Asia are set to edge lower after a sluggish day on Wall Street, as traders look to Nvidia Corp.’s results for clues on whether the artificial-intelligence euphoria that’s powered the bull market has more room to run.How the Cortiços of São Paulo Helped Shelter South America’s Largest City

To Chris Senyek at Wolfe Research, Nvidia’s results will set the tone for markets before a key US payrolls report on Sept. 6. The S&P 500 edged higher to around 5,625 on Tuesday while the Nasdaq 100 rose 0.3%. A closely watched gauge of chipmakers added 1.1%. Nvidia climbed 1.5%. Super Micro Computer Inc. slid 2.6% after Hindenburg Research said it’s short the maker of server equipment.

Nvidia accounts for more than 6% of the S&P 500’s market cap in terms of its index weight, so “it’s increasingly a bigger component of where the trend and momentum of the market goes,” Matt Stucky of Northwestern Mutual Wealth Management told Bloomberg Surveillance. If the giant chipmaker fails to deliver, or even just meets expectations, “I think it’s more of a risk-off environment,” he said, “not necessarily fuel for rotation.

While the S&P 500 is now nearly back to its all-time high in the wake of Powell’s recent dovish message, underlying risk premia are still somewhat larger than before the July correction began and the previously all-conquering “AI” narrative still is yet to fully recover, according to Jonas Goltermann at Capital Economics.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian shares slip after decline on Wall Street led by falling tech stocksTOKYO (AP) — Asian shares dropped early Thursday morning trading after declines on Wall Street, as the gyrations that recently slammed global markets haunted...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Shares steady, oil prices slip amid Mideast risks and looming Nvidia earningsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Stocks open lower, Nvidia faces pressures ahead of earningsUS stocks (^DJI, ^IXIC, ^GSPC) open Tuesday lower as Nvidia (NVDA) shares dip ahead of the chipmaker's second quarter earnings report due out tomorrow...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Dow notches new record high, stocks await Nvidia earningsUS stocks (^DJI, ^IXIC, ^GSPC) manage to close out Tuesday's session in positive territory, the Dow Jones Industrial Average achieving a new all-time high...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »