Stock market today: Stocks steady as investors await Nvidia earnings | May 21, 2024
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US stocks were steady on Tuesday as investors await heavily anticipated earnings results from Nvidia (NVDA), set for release after the bell on Wednesday.
In afternoon trading, the tech-heavy Nasdaq Composite (^IXIC) climbed back from earlier lows to rise 0.1% after finishing Monday's session at a record high. The benchmark S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each rose about 0.2% and 0.1%, respectively.
Nvidia's upcoming report is expected to spur a big move in its share price and jumpstart stocks more broadly. A gain in the AI chipmaker's price contributed to the Nasdaq's record high on Monday.
In the meantime, a wave of quarterly reports from retailers offered some insights into the state of the consumer and health of the economy.
Lowe's (LOW) sales dropped less than expected as cash-strapped Americans continued to spend on small repairs, while Macy's (M) shares gained after the department store chain's earnings beat a low bar.
Investors have also listened closely to speeches from Federal Reserve officials as a dearth of economic releases starves the rate-cut debate of fuel. Fed governor Chris Waller said Tuesday he needs to see several more months of favorable inflation data before lowering rates, echoing the higher-for-longer policy stance of other central bank leaders in recent weeks.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-stocks-steady-as-investors-await-nvidia-earnings-153043227.html
Видео Stock market today: Stocks steady as investors await Nvidia earnings | May 21, 2024 канала Yahoo Finance
To get the latest market news check out finance.yahoo.com
US stocks were steady on Tuesday as investors await heavily anticipated earnings results from Nvidia (NVDA), set for release after the bell on Wednesday.
In afternoon trading, the tech-heavy Nasdaq Composite (^IXIC) climbed back from earlier lows to rise 0.1% after finishing Monday's session at a record high. The benchmark S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each rose about 0.2% and 0.1%, respectively.
Nvidia's upcoming report is expected to spur a big move in its share price and jumpstart stocks more broadly. A gain in the AI chipmaker's price contributed to the Nasdaq's record high on Monday.
In the meantime, a wave of quarterly reports from retailers offered some insights into the state of the consumer and health of the economy.
Lowe's (LOW) sales dropped less than expected as cash-strapped Americans continued to spend on small repairs, while Macy's (M) shares gained after the department store chain's earnings beat a low bar.
Investors have also listened closely to speeches from Federal Reserve officials as a dearth of economic releases starves the rate-cut debate of fuel. Fed governor Chris Waller said Tuesday he needs to see several more months of favorable inflation data before lowering rates, echoing the higher-for-longer policy stance of other central bank leaders in recent weeks.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-stocks-steady-as-investors-await-nvidia-earnings-153043227.html
Видео Stock market today: Stocks steady as investors await Nvidia earnings | May 21, 2024 канала Yahoo Finance
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