News Formal

Stocks Rebound on Nvidia’s ‘Pretty Good’ Results: Markets Wrap

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 54 sec. here
  • 57 min. at publisher
  • 📊 Quality Score:
  • News: 217%
  • Publisher: 50%

Asia Nouvelles

Pacific Rim,Top Asia,Pacific Rim

Stocks in Asia are poised to track their US peers lower on Thursday after underwhelming earnings from Nvidia Corp. dampened the outlook for tech stocks.

Nvidia said third-quarter revenue will be about $32.5 billion, the company said Wednesday. Though analysts had predicted $31.9 billion on average, estimates ranged as high as $37.9 billion. Ed Ludlow has more on"Bloomberg The Close."

Nasdaq 100 Index futures added 0.2% after earlier sliding as much 1.4%. S&P 500 contracts also rose and Germany’s DAX Index hit a new record. Nvidia, which had tumbled sharply in trading after the close of US exchanges, was down less than 4% in pre-market trading. Intel Corp., Apple Inc. and Microsoft Corp. all posted small gains.Nvidia, a stock that’s powered the bull market this year with a rally of more 150%, delivered a mixed picture to investors.

The moves in US markets signaled a comeback from late Wednesday, when tech got hit after Nvidia’s sales forecast underwhelmed and it signaled that it was working through production snags with its new Blackwell chip. A $286 billion exchange-traded fund tracking the Nasdaq 100 lost 1% after the close of regular trading.

The Fed’s preferred inflation gauge may firm up bets on how much and how quickly the central bank will ease policy, with the annual and month-on-month core PCE readings due Friday. Later on Thursday, weekly jobless claims data will offer a snapshot of the labor market.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nvidia stock surges as chip stocks lead market reboundNvidia shares rallied Thursday with the broader markets after an attempted rebound
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks Rebound as Jobs Data Calms Market Jitters: Markets Wrap(Bloomberg) -- Asian equities were poised for gains on Friday after signs of resilience in the labor market lifted US stocks.Most Read from BloombergAfrica’s...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Bitcoin Bounces Back Above $60,000 as Asian Stocks Rebound(Bloomberg) -- Bitcoin continued to rally in tandem with a rebound in Asian equities on Friday after a bruising selloff. Most Read from BloombergHow a Tiny...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

China’s Health Stocks Tipped for Rebound on Valuations, Fed Bets(Bloomberg) -- A rotation into defensive shares coupled with supportive government policies is boosting the appeal of underperforming Chinese health-care...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Relieved foreigners scoop up Japanese stocks as markets reboundForeign investors heavily bought into Japanese stocks in the week to Aug. 10, encouraged by policymakers' signals to stabilize the market following recent...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Tech stocks lead Nasdaq, S&P 500 rebound: A break downThe Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes are rebounding from downward pressures that hit tech stocks (XLK) at the beginning of August. Now...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »