Today’s Stock Market News: US Futures Decline as Nvidia Results Come Out
Shares fell below the flat line on Tuesday, signaling a pause in the November rally as investors awaited results from AI-powered chipmaker Nvidia (NVDA) and issuing the minutes of the Federal Reserve Board meeting.
Futures contracts on the Standard & Poor’s 500 index (^ GSBC) decreased by about 0.1%, after the stock index closed at Its highest level since August. Dow Jones Industrial Average (^ DJI(and Nasdaq 100)^NDX) Futures also fell by approximately 0.1%.
Eyes on Nvidia quarterly report For an update on the basics behind the AI hype cycle, after the company’s stock closed at a record high on Monday. Expectations are as high as the chip giant Become the face of the AI story of 2023after its recent earnings sent shares soaring.
Shares of the tech giant rose in pre-trading session on Tuesday, after ending at a record high on Monday after it made a… He was suddenly ousted CEO of OpenAI. Wall Street It saw the move as boosting its prospects in AI, which could be boosted if it ends up capitalizing on the threat of a mass exodus of OpenAI employees.
Investors are also watching the minutes of the Federal Reserve’s latest rate-setting meeting, amid debate over whether optimism about interest rate cuts that sent stocks soaring was overdone. In light of a holiday-shortened week due to economic data, the comments will be closely scrutinized for any hints of policymakers’ thinking.