Stock Market Today: NVIDIA Shares Rise Ahead of Earnings
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AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
The seemingly sturdy U.S. stock market has begun to wobble. Its months'-long tech-driven rally may be running out of steam amid growing wariness about the artificial intelligence boom and broader uncertainty about the U.S. economy’s outlook.
Nvidia's stock may seem to dominate the market, but it's actually "under-owned" in actively managed funds, according to Morgan Stanley's recent analysis. Analysts there looked at recent 13-F filings f
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The tides of investor sentiment seem to be shifting, with more investors feeling pessimistic about the future. Just under 50% of U.S. investors are "bearish" about the next six months, according to the most recent weekly survey from the American Association of Individual Investors, with only around 32% feeling "bullish."
Creating a single stream of all UK share trading data from across different markets would cost about £93mn and bring £100mn of benefits over the next decade by improving liquidity and lowering the cost of capital, the UK regulator has said.
Stocks were mostly higher on Wednesday as traders wait to see if Nvidia's results after the close can halt the latest sell-off.
The U.S. stock market fell following another jarring day on Tuesday, as worries keep dogging Nvidia, bitcoin and other Wall Street stars that their prices shot too high. After quickly sliding to a morning loss of 1.