Wall Street Traders on Edge Before Nvidia Earnings: Markets Wrap

November 19, 2024 at 5:49PM EST -- US stocks struggled to find footing in the final minutes of Wednesday trading as investors braced for Nvidia Corp. earnings and weighed the latest Ukraine-Russia tensions. The dollar rose.

Trading in options signaled Nvidia results will be the most important catalyst left this year — more than the Federal Reserve’s December meeting, according to Barclays Plc strategists. Its stock price has nearly tripled in 2024. To Subitha Subramaniam, chief economist at Sarasin & Partners, the market’s reliance on single stocks to drive benchmarks higher sets off red flags.

Traders are also monitoring President-elect Donald Trump’s administration picks, especially his selection for the Treasury secretary role. Former Federal Reserve Governor Kevin Warsh and Apollo Global Management’s Marc Rowan are contenders, according to people familiar with the matter. Meanwhile, Trump tapped Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick to lead the Commerce Department, a key role to facilitate his tariff and trade policies.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street indexes edge lower as Alphabet jumps and Eli Lilly slumpsNEW YORK (AP) — U.S. stock indexes gave up an early gain and ended slightly lower following a mixed set of profit reports from giants like Google’s parent company and Eli Lilly. The S&P 500 slipped 0.3% Wednesday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts as the 'Trump trade' loses steamNEW YORK (AP) — U.S. stocks are drifting as momentum comes out of the “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 was flat early Tuesday, coming off its latest all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street edges lower as the Trump trade coolsNEW YORK (AP) — U.S. stocks edged lower as momentum came out of the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 slipped 0.3% Tuesday, coming off its latest record.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts as the Trump trade coolsU.S. stocks are drifting Tuesday as some momentum comes out of the torrid 'Trump trade' that swept Wall Street following Donald Trump's presidential victory.
Source: CTVNews - 🏆 1. / 99 Read more »