US stocks were relatively close to the flatline on Wednesday, extending the tight range of trading this week to remain close to record highs as markets positioned for the release of Nvidia's results after today's closing bell, a bellwether for global artificial intelligence demand and confidence.
The three main indices were close to the flatline. Nvidia was flat as it is expected to report a 37% growth in earnings in its second financial quarter, but markets will also scrutinize CEO Huang's rhetoric on the outlook of AI revenues after markets showed concerns of frothiness in tech stocks, in addition to insights on the impact of trade restrictions between US and China.
Meanwhile, MongoDB surged 30% and Okta gained 4% after both beat Wall Street expectations, driven by strong demand from firms developing AI platforms. Cracker Barrel also jumped more than 7% after announcing it will scrap its new logo following backlash from customers and President Donald Trump.
Source : Tradinng Economics
European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia The Nasdaq-listed stock has become a bellwether for the global technology sector, par...
Asia-Pacific markets mostly fell on Wednesday after Wall Street gained overnight. India's markets will also be in focus as the U.S. tariffs take effect. The country currently faces additional tariffs...
The S&P 500 closed 0.4% higher on Tuesday, bolstered by gains in Nvidia, as investors balanced optimism over corporate earnings with concerns about President Trump's unprecedented removal of Feder...
European stock markets retreated on Tuesday, pulled down by French equities as traders monitored the potential for the government to lose a confidence vote next month. France's CAC 40 index plummeted...
US stocks inched lower on Tuesday, extending the slight drop from the previous session and trackingTreasury bonds amid fresh concerns over the independence of the Federal Reserve and new threats of ta...
US stocks were relatively close to the flatline on Wednesday, extending the tight range of trading this week to remain close to record highs as markets positioned for the release of Nvidia's results after today's closing bell, a bellwether for...
Gold edged lower on Wednesday morning as the dollar strengthened, even amid concerns over US President Donald Trump's move to take over control of the Federal Reserve Board, which continues to encourage safe-haven asset purchases. December gold...
President Donald Trump's unprecedented and intensifying attacks on the Federal Reserve risk backfire by hitting financial markets and the economy with higher long-term borrowing costs. For weeks, he has been slamming Chairman Jerome Powell for not...
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on...
Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing...
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a...
European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve...