Stocks mixed as oil drops, US inflation stays high
- Investors are focused on Wednesday's quarterly report from Nvidia Corp., seeking signs that immense AI infrastructure demand can reignite mega-cap tech momentum.
- Mohamed El-Erian framed the current market as a "race between the promise of even bigger earnings... and the headwinds from funding needs," noting U.S. national debt hitting $40 trillion.
- The CME Group's FedWatch tool projections show markets pricing a 36.9% likelihood of the Federal Reserve hiking interest rates during its September meeting.
- Macro attention shifts to Federal Reserve Chair Kevin Warsh's scheduled speech on Friday at the Jackson Hole Economic Policy Symposium, where investors will monitor hints regarding the Fed's long-term trajectory.
- Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that "a frozen foreign policy delivers a frozen economy," as markets weigh persistent trade protectionism, tariffs, and geopolitical risks.
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Around 1:55 PM GMT (3:55 PM in Paris), the Nasdaq—which tracks the major players in the technology sector—was up 0.99%, the broader S&P 500 index rose 0.42%, and the Dow Jones edged up 0.09%. "Nvidia once again posted exceptional quarterly results yesterday after the close, giving a boost to semiconductor stocks," summarized analysts at Briefing.com. The world's largest company by market capitalization once again significantly exceeded expectat…
Markets are increasing the Nvidia balance as a positive signal for the chip industry and buying. Jackson Hole, meanwhile, is launching the central banker's meeting, which is important for US monetary policy.
Asia markets mixed as Nvidia outlook offsets U.S. inflation concerns
Asian equity markets delivered a mixed performance on Thursday, after Wall Street weakened overnight as hotter-than-expected U.S. PCE inflation lifted yields and kept investors cautious ahead of Nvidia’s earnings.
Stocks mixed as oil drops, US inflation stays high
NEW YORK: Wall Street stocks finished lower Wednesday (Aug 26) after US inflation came in steady but elevated as markets traded cautiously ahead of earnings from Nvidia and a widely anticipated Federal Reserve speech.The S&P 500 finished a hair lower and the Dow slipped 0.2 per cent fo
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