News Formal

Wall St poised for flat open, focus on Nvidia earnings

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 26 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 115%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Aug 28 - Wall Street's main indexes were set for a muted open on Wednesday ahead of Nvidia's earnings report, with focus squarely on if the recent bull market rally that was led by the AI chip firm and other tech-related shares can be sustained.

Any disappointment in Nvidia's results could hurt megacaps and other semiconductor stocks, which have led 2024's rally on the prospect of artificial intelligence integration boosting corporate profits. Other chip stocks such as Qualcomm , and Advanced Micro Devices , edged lower, as did megacaps including Meta , Microsoft , and Alphabet .

Odds of a 25-basis point reduction currently stand at 65.5%, while those of a 50-bps cut are at 34.5%, according to the CME Group's FedWatch Tool.

 

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

 /  🏆 13. in UK

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.

Stock market today: Wall Street hovers around records ahead of Nvidia earnings and inflation dataNEW YORK (AP) — Wall Street is hovering around record highs at the start of a week featuring another full slate of corporate earnings and the government’s...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »