US Edition
World Shares Are Mixed After US Stocks Creep Higher Ahead of Nvidia Earnings Report
S&P 500 rose 0.2%, surpassing its record from two weeks prior as investors anticipated Nvidia's earnings, a key indicator of artificial intelligence sector growth.
- Wednesday, the S&P 500 index rose 0.2%, nudging past its record high set two weeks ago with modest gains on Wall Street.
- Traders are pricing in a 90.3% chance of a September rate cut, while markets have been subdued amid President Donald Trump's clashes with the Federal Reserve.
- The Dow Jones Industrial Average rose 0.32% and the Nasdaq composite climbed 0.20% as Kohl's vaulted 24% and MongoDB surged 38%, while J.M. Smucker slid 4.4% after missing estimates.
- After the close, Nvidia reported quarterly earnings and revenue topping forecasts, but slower AI-chip sales caused a 3.2% drop in after-hours trading and a 6% options market swing.
- The S&P 500's valuation now exceeds 22 times expected earnings, its highest in four years, while Nvidia's 8% index weight heightens AI-driven valuation and bubble concerns after OpenAI CEO Sam Altman's warning last week.
34 Articles
34 Articles
Washington Top News
World shares are mixed after US stocks creep higher ahead of Nvidia earnings report
MANILA, Philippines (AP) — World shares were mixed Thursday after modest gains on Wall Street lifted the S&P 500 to another all-time high ahead of computer chipmaker Nvidia’s highly anticipated earnings report. The future for S&P 500 rose 0.1% while that for the Dow Jones Industrial Average added 0.3%. Meanwhile, oil prices declined. In early European trading, Germany’s DAX climbed 0.4% to 24,144.65 while Britain’s FTSE 100 slipped 0.2% to 9,240…
The S&P 500 closed on Wednesday in a new historic peak, driven by the enormous expectation surrounding the results of Nvidia, the world’s most valuable company recognized as the leading supplier of advanced AI processors. The index advanced 0.24% to 6,481.40 points, surpassing its previous brand on August 14. Nasdaq, for its part, rose by 0.21% and Dow Jones gained 0.32%.Read more]]>
The S&P 500 hit an all-time high just before Nvidia earnings
Modest gains on Wall Street lifted the stock market to an all-time high Wednesday ahead of a highly anticipated earnings update from computer chip giant Nvidia. The S&P 500 rose 0.2%, good enough to nudge the benchmark index past the record high it set two weeks ago. The Dow Jones Industrial Average rose 0.3% and the Nasdaq composite closed 0.2% higher. Technology companies led the way higher, outweighing declines in communication services and o…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
