Reported 7 months ago
U.S. stocks fell on Wednesday as investors awaited Nvidia's (NVDA) earnings report, deemed critical for the artificial intelligence sector and market direction. The Dow dropped 0.2%, the S&P 500 fell 0.5%, and the Nasdaq slid 0.8%. This follows Target's significant stock drop of over 21% after cutting its full-year profit outlook. Traders anticipate Nvidia's post-earnings stock movement could be as much as 8%, amounting to a potential $300 billion shift in market value.
Source: YAHOO