NEW YORK — U.S. stocks are quiet as Wall Street gears up for what may be the biggest event left on its calendar this year, the earnings report from superstar stock Nvidia after the close. The S&P 500 was flat in early trading Wednesday. The Dow Jones Industrial Average was up 74 points, or 0.2%, while the Nasdaq composite slipped 0.1%. Williams-Sonoma soared after delivering better profit and revenue than expected.
Shares of Seven & i Holdings Co., the company that owns over 80,000 7-Eleven convenience stores worldwide, soared 8.4% on Wednesday after local media reported that the founding family plans to raise over 8 trillion yen to take the company private within this financial year. The worries on the Ukraine-Russia conflict sent investors into U.S. Treasury bonds, which are seen as some of the world’s safest investments. The rise in their prices in turn lowered their yields, and the 10-year Treasury yield fell to 4.39% from 4.41% late Monday.
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Nvidia stock rises to intraday record high as Wall Street stays bullish ahead of earningsNvidia stock hit an all-time intraday high Monday as Wall Street analysts raised their price targets on the AI chipmaker.
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Wall Street set for mixed open; Nvidia earnings, Fed policy in focusThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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