Wall Street Stays Cautious Ahead of Nvidia Earnings and Economic Data

Reported about 2 months ago

Wall Street's main indices experienced little movement as investors remained cautious ahead of Nvidia's earnings report and important economic data. The S&P 500 and Nasdaq traded in a tight range, with Nvidia's shares gaining moderately despite initial losses. Analysts anticipate Nvidia's revenue to have more than doubled, while market sentiment is also influenced by the potential for interest rate cuts by the Federal Reserve. Despite tech stocks showing slight gains, overall trading was characterized by a mix of declines in consumer discretionary stocks and uncertainty about future economic conditions.

Source: YAHOO

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