Nasdaq Nervous as Market Anticipates Nvidia's Quarterly Earnings Report
Tuesday, 20 February 2024, 15:09
Nasdaq Nerves Heighten
The market is on edge as Wednesday's Nvidia earnings report approaches, with expectations of an 11% move.
Tensions in the Tech Sector
Despite strong prior performance, investors are wary as share prices did not reflect positive results in the past.
- Broad Tech Sector Impact: Nasdaq down 1.2% amid lower Treasury yields.
Market Reaction to Earnings
Home Depot down 1.3% due to soft guidance, while Wal-Mart sees a 5.7% increase, indicating a mixed outlook on the US consumer market.
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