Wall Street edges higher ahead of Nvidia earnings
U.S. stock markets inched higher on Wednesday as investors awaited Nvidia’s quarterly earnings report, seen as a crucial test for the AI-driven rally.
Nvidia shares rose 2.3% after falling nearly 5% over the past two sessions. Analysts note that the company’s results could influence investor sentiment, amid growing concerns over tech valuations and the sustainability of AI-driven growth.
Other tech and retail stocks were mixed: Alphabet jumped 5%, Lowe’s gained 3.2% on strong profits, while Target fell after reporting weaker-than-expected sales. Investors are also awaiting the Fed’s October meeting minutes and upcoming U.S. jobs data, which could impact market direction.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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