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Stocks steadier before key Nvidia results as oil slides
Investors await Nvidia’s earnings and Federal Reserve minutes for signals on AI valuations and interest rates amid slipping oil prices and Bitcoin near $90,000.
- On Wednesday, global stocks steadied as investors awaited chip giant Nvidia's third-quarter results and the Federal Reserve's minutes due later Wednesday.
- Amid comments from tech leaders, a Bank of America survey found more than half of fund managers believe AI stocks are in a bubble and 45 percent see it as the biggest 'tail risk'.
- U.S. and European markets showed mixed moves as the S&P 500 rose 0.3, Nasdaq Composite 0.6, while Brent North Sea Crude fell to $63.49 and Target shares dropped 1 percent.
- Analysts warned that the selling pressure had moderated from Monday but the slightest bit of news to disappoint investors has the potential to whip up a tornado across global markets, Russ Mould said.
- With earnings and policy events looming, Nvidia's results and Federal Reserve minutes could guide markets broadly while Bitcoin around $90,000 and the dollar show mixed signals.
Insights by Ground AI
23 Articles
23 Articles
Coverage Details
Total News Sources23
Leaning Left4Leaning Right4Center7Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 27%
C 46%
R 27%
Factuality
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