Stock Market Today: Dow, S&P 500 and Nasdaq set to fall ahead of Nvidia earnings and Jackson Hole
US stocks showed varied performance this week, with tech stocks rallying before Nvidia's quarterly results. Nvidia's earnings report surpassed analyst forecasts, lifting tech stocks and leading the Nasdaq higher. The Dow Jones, S&P 500, and Nasdaq are set to fall ahead of Nvidia earnings and Jackson Hole.
What changed
Nvidia's earnings report surpassed analyst forecasts, lifting tech stocks and leading the Nasdaq higher.
Live updates
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Stocks set to fall ahead of Nvidia earnings and Jackson Hole
US stocks showed varied performance this week, with tech stocks rallying before Nvidia's quarterly results. Nvidia's earnings report surpassed analyst forecasts, lifting tech stocks and leading the Nasdaq higher. The Dow Jones, S&P 500, and Nasdaq are set to fall ahead of Nvidia earnings and Jackson Hole.
Why it matters
Market sentiment remains tied to inflation data and upcoming earnings, with recent PCE inflation figures suggesting persistent price pressures. Traders are currently weighing these economic indicators alongside geopolitical tensions and the potential for further rate hikes. The Nasdaq led Wall Street higher on Thursday after Nvidia eased AI growth concerns.
What is confirmed
- The Nasdaq led Wall Street higher on Thursday after Nvidia eased AI growth concerns
- Nvidia's revenue forecast far exceeding expectations dispelled AI industry growth concerns
- The S&P 500 rose 0.7%, the Dow Jones Industrial Average was up 0.3%, and the Nasdaq Composite was 1.4% higher
What to watch next
- Nvidia earnings report
- Jackson Hole address
- US inflation data
confidence 85%Sources used for this update (9)
- www.cnbc.com — Stock futures rise as Nvidia shares gain over 4% after earnings: Live updates
- www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex slips below 77,000, Nifty ends at 24,091 amid market volatility
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Nasdaq leads Wall St higher as Nvidia eases AI growth concerns
- www.livemint.com — Wall Street climbs after Nvidia forecast lifts tech stocks; Salesforce soars 20%, CrowdStrike jumps 14.5%
- uk.finance.yahoo.com — FTSE 100 Live: London drops 100 points as ex-div stocks and US inflation take their toll
- www.cnbc.com — S&P 500 futures are little changed as investors count down to Warsh's Jackson Hole address: Live updates
- www.econotimes.com — America Roundup: Dollar flat as focus turns to Jackson Hole, Wall Street ends higher, Gold ticks up, Oil settles up 2%
- au.finance.yahoo.com — ASX set to edge higher after rate hike fears trigger sharpest sell-off in 12 weeks
- en.infomaxai.com — [New York Market Watch]Nvidia Dispels AI Concerns as Stocks Rise, Bonds Fall, Dollar Flat
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Wall Street indexes mixed as tech rebounds ahead of Nvidia results
US stocks showed varied performance this week, ending higher as tech stocks rallied before Nvidia's quarterly results. While some indexes remained muted or steady, investors balanced gains in technology against new trade measures targeting Canada and Iran. Market sentiment remains tied to inflation data and upcoming earnings, with recent PCE inflation figures suggesting persistent price pressures. Traders are currently weighing these economic indicators alongside geopolitical tensions and the potential for further rate hikes.
Why it matters
Nvidia earnings often serve as a barometer for the AI sector's health. Concurrent inflation data influences Federal Reserve interest rate decisions. Trade frictions with Canada and Iran add geopolitical risk to market volatility.
What is confirmed
- Investors are awaiting Nvidia's latest quarterly results.
- US stock markets weighed new trade measures against Canada and Iran.
- The latest PCE inflation data indicated continued price pressures.
Still unconfirmed
- Investors are considering predictions for Kevin Warsh.
- Hot inflation is fueling bets on rate hikes.
What to watch next
- Nvidia quarterly earnings report results
- Federal Reserve reactions to PCE inflation data
confidence 90%Sources used for this update (6)
- finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq hold steady as US-Canada trade tensions heat up
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks open higher as tech stocks rebound before Nvidia results, data
- www.cnbc.com — Stock futures are little changed as traders await key inflation report, Nvidia earnings: Live updates
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks muted ahead of Nvidia results, hot inflation fuels rate-hike bets
- uk.finance.yahoo.com — Nasdaq holds steady in countdown to Nvidia earnings
- www.theadvocate.com.au — Wall Street ends higher as tech rebounds
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Dow, S&P 500 and Nasdaq set to fall ahead of Nvidia earnings and Jackson Hole
US stock markets are expected to decline, with Dow Jones, S&P 500, and Nasdaq all set to fall. This is due to anticipation of Nvidia's earnings report and the Jackson Hole economic symposium. Alibaba's $10.2 billion share placement to fund AI also affected market sentiment. Trade tensions and bond yields are additional factors influencing market mood.
Why it matters
The US stock market is experiencing a cautious mood due to various factors, including trade tensions, bond yields, and anticipation of major events. Nvidia's earnings report and the Jackson Hole symposium are key events that could impact market direction. The market is also reacting to corporate actions, such as Alibaba's share placement to fund AI initiatives.
What is confirmed
- Alibaba raises $10 billion in Hong Kong share sale for AI
- Alibaba plunges after announcing $10.2 billion share placement to fund AI push
- Alibaba Executives Buy $15 Million in Shares After New Offering
Still unconfirmed
- Trade tensions and bond yields are influencing market mood
What to watch next
- Nvidia earnings report
- Jackson Hole economic symposium
- US-Canada trade spat developments
confidence 80%Sources used for this update (9)
- economictimes.indiatimes.com — Dow Jones
- Yahoo Finance — This Chinese Tech Giant Quietly Cut Its Buyback 80% to Fund AI
- CNBC — Alibaba plunges after announcing $10.2 billion share placement to fund AI push
- MarketWatch — Stock Market Today: Dow, S&P 500 and Nasdaq set to fall ahead of Nvidia earnings and Jackson Hole
- qz.com — Alibaba raises $10 billion in Hong Kong share sale for AI
- Bloomberg.com — Alibaba Executives Buy $15 Million in Shares After New Offering
- consent.yahoo.com — Stock market today: S&P 500, Nasdaq slip as tech stocks sag, US-Canada trade spat escalates
- ca.finance.yahoo.com — Dow edges higher while technology shares pull Nasdaq, S&P lower
- www.channelnewsasia.com — Oil prices fall as Bessent outlines new steps to punish Iran