Asian shares mostly slip as market focus turns from Nvidia to US economy

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.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Asian chipmaking stocks sink tracking Nvidia lossesAsian chipmaking stocks sink tracking Nvidia losses
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

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.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

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.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

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.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

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.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »