News Formal

Nvidia earnings highlight a busy end of August: What to know this week

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 52 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Nvidia News

Jerome Powell,Jensen Huang,The Fed

A highly anticipated earnings release from Nvidia is expected to have implications for investor sentiment across the broader market in the week ahead.

) will also be in focus, while a key reading of the Fed's preferred inflation gauge will highlight the economic calendar.On Friday, Powell made clear to investors that interest rate cuts are coming in September.

"We continue to think that if instead the August report is weaker than we expect, then a 50bp cut would be likely ," Goldman Sachs' economics team led by Jan Hatzius wrote in a note to clients. Economists expect annual "core" PCE — which excludes the volatile categories of food and energy — to have clocked in at 2.7% in July, up from the 2.6% seen in June. Over the prior month, economists project "core" PCE rose 0.2%, in line with the month-over-month increase seen in June.With nearly all members of the S&P 500 done reporting earnings, one massive report has been looming: Nvidia.

Snider said this move "speaks to the anxiety we were hearing from investors heading into the second quarter earnings season." ZANDVOORT, Netherlands — Lando Norris overcame a poor start to win the Dutch Grand Prix on Sunday and become the first driver to beat Max Verstappen at the champion's home race, as well as taking another bite out of Verstappen's standings lead.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Nvidia falls, volatility may rise in August: Top market trendsYahoo Finance Reporter Jared Blikre joins Asking For A Trend to break down the top market takeaways of the trading day. Nvidia (NVDA) shares continue to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock tanks as Magnificent 7 shares see worst market cap loss everNvidia led the Magnificent 7 stocks lower Monday as the group saw its biggest market cap wipeout ever.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia shares tank as Magnificent 7 stocks on track to lose $500 billion in market capNvidia led the Magnificent 7 stocks lower Monday as the group saw its biggest market cap wipeout ever.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »