Awaiting Nvidia’s quarterly earnings report, investors on Wednesday pulled the Nasdaq Composite down. Although the S&P 500 declined by 0.1%, the tech-heavy index dropped by 0.5%.
The flatline was the Dow Jones Industrial Average’s constant. Wall Street is closely monitoring Nvidia in order to assess the viability of the larger AI and tech industry.
With the semiconductor giant expected to report after the closing, the price has increased by 159% in 2024, prompting concerns about how much farther the market can rise. It dropped by almost 1% on Wednesday.
Source (CNBC)
