Reported 5 months ago
U.S. stocks fell after investors analyzed the Federal Reserve's meeting minutes, with the Dow Jones Industrial Average dropping 0.51%, the S&P 500 losing 0.27%, and the Nasdaq Composite slipping 0.18%. Nvidia's shares surged 6% post-market on a robust revenue forecast, propelling gains in other chipmakers. The focus remains on valuations amid high expectations for Nvidia's results and the sustainability of AI-related stock rallies. The market rally to record highs this month, driven by AI optimism and strong earnings, faces risks of a correction due to inflation concerns and uncertainty around Fed rate cuts. Energy sector struggled, while Analog Devices saw a 10.86% jump in shares. Target's stock plummeted 8.03% after missing earnings estimates, while TJX raised its profit forecast, leading to a 3.5% gain.
Source: YAHOO