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.

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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