Thursday's big stock stories: What's likely to move the market in the next trading session

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On Wednesday, the S&P 500 and the Nasdaq Composite slid as Nvidia shares tumbled ahead of results. Here's what CNBC is watching going into Thursday.

Traders work on the floor at the New York Stock Exchange in New York City, U.S., August 28, 2024.Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today.Here's what CNBC TV's producers were watching as a decline in Nvidia shares weighed on the S&P 500 Wednesday and what's on the radar for Thursday's session.is down about 7% after hours after reporting its quarterly report.

The relative strength index shows the stock is "oversold" with an RSI of 29. A reading of 30 or lower indicates a stock may be oversold, but that doesn't mean it's guaranteed to reverse the losses. The stock hasn't been this low since October 1996. That's a long time ago. Back then, "Macarena" was the top song on theAccording to FactSet, four out of 20 analysts think the stock is a buy or rate it overweight. Twelve deem it a hold, and four say it's a sell or rate it underweight.is down 27% this year. Twelve analysts call it a buy or are overweight on the name, and 15 rate it a hold. There are no sell ratings on the stock. CVS is 31% from the 52-week high.

 

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