Stock Market Update: S&P 500 and Nasdaq Decline as Tech Faces Pressure Ahead of Nvidia Earnings

Reported about 2 months ago

The stock market experienced mixed trading on Monday, with the S&P 500 dropping 0.3% and the Nasdaq down about 0.7%, largely due to falling shares of tech giants like Nvidia, which slipped over 2% ahead of its earnings report. The focus is on Nvidia's upcoming results, pivotal for the sentiment surrounding AI investments, and the potential for interest rate cuts by the Federal Reserve later this year as traders remain cautious. Meanwhile, oil prices rose by around 3% amid geopolitical tensions in the Middle East.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis