US futures tick lower as Nvidia earnings loom

Investing.com-- U.S. stock index futures fell in evening deals on Tuesday, with heavyweight technology stocks remaining fragile in anticipation of earnings from Nvidia- which are set to shed more light on the AI trade.

A rotation out of tech picked up this week amid growing conviction that the Federal Reserve will cut interest rates in September. This notion also supported flows into more economically sensitive sectors, which put Wall Street indexes at record highs.Nvidia’s shares fell slightly in aftermarket trade, but were sitting on a nearly 160% spike so far in 2024, as the firm benefited greatly from increasing investment in artificial intelligence.

Nvidia’s earnings also come after reports from a slew of other tech majors suggested that AI may not be as big an earnings driver as initially thought- a notion that had triggered sharp losses in tech valuations over the past month.But despite some uncertainty over Nvidia and a rotation out of technology, Wall Street indexes were buoyed by expectations of lower interest rates, especially after Fed officials struck a dovish tone in recent addresses.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

US stock futures edge lower with Nvidia earnings, rate cuts in focusUS stock futures edge lower with Nvidia earnings, rate cuts in focus
ذریعہ: Investingcom - 🏆 450. / 53 مزید پڑھ »

Nvidia, Super Micro Computer lead AI trade carnage with both stocks down more than 12%Artificial intelligence stocks that have powered much of 2024’s market gains dropped Monday as U.S. recession fears sparked a global sell-off on Wall…
ذریعہ: NBCNewYork - 🏆 270. / 63 مزید پڑھ »

Stocks making the biggest moves premarket: Nvidia, Apple, Kellanova and moreThese are the stocks posting the largest moves in premarket trading.
ذریعہ: CNBC - 🏆 12. / 72 مزید پڑھ »