News Formal

Stock market today: Tech leads losses as investors await Nvidia earnings

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Nvidia News

Earnings Report,Nasdaq Composite

Investors are holding back ahead of the AI bellwether's earnings report, seen as crucial to keeping confidence in the broader market aloft.

A decline in tech stocks led the market lower on Wednesday as investors awaited chipmaker Nvidia's earnings report, seen as crucial to keeping confidence in the broader market aloft. The Dow Jones Industrial Average , which closed at an all-time high on Tuesday, was down almost 0.9%. The benchmark S&P 500 fell more than 1%, while the tech-heavy Nasdaq Composite was down nearly 1.6%.

The Information Technology sector was the worst performer in the S&P 500, sliding about 1.9%. Traders are expecting a swing of almost 10% in the chipmaker's shares in either direction, depending on whether hopes for another blowout quarter are met. Wall Street forecasts Nvidia earnings grew by roughly 109% and revenue by 99%, year over year. Updates on any potential delays for Nvidia's new Blackwell chip will be in particular focus.

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 US
 

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

United States United States Latest News, United States United States Headlines

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

Stock market today: US futures stall as investors bide their time ahead of Nvidia earningsInvestors are holding back ahead of the AI bellwether's earnings report, seen as crucial to keeping confidence in the broader market aloft.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow ekes out another record as investors await Nvidia earningsStocks are struggling to find a footing as Nvidia's high-stakes earnings loom.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earningsA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street quiet as markets await Nvidia's latest earnings reportNEW YORK (AP) — Stocks are mostly unchanged in light trading as investors look ahead to an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »