Investing.com -- Earnings from tech giant Nvidia are in the spotlight Wednesday, as investors look to see whether the stock's elevated valuation can be justified The minutes from the last Federal Reserve meeting also loom large, while U.K. inflation fell by less than was expected in April.) - but will also have an outsized influence over broader markets given it is now the third-biggest U.S.
Economists had widely expected a sharper drop in inflation, citing a 12% drop in regulated household energy tariffs that took effect last month. A string of cautious statements from Federal Reserve officials this week also weighed on sentiment, as markets feared that high-for-longer U.S. rates will eat into demand this year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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