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As Wall Street Prepares for Nvidia’s Big Earnings Announcement, Stocks Continue to Decline for a Third Day

U.S. stocks declined for the third consecutive day on Wednesday as investors anticipated Nvidia’s upcoming quarterly earnings report.

The Dow Jones Industrial Average fell by 77 points, or about 0.1%. The S&P 500 dropped by 0.2%, and the Nasdaq Composite slid by 0.7%.

Nvidia is scheduled to release its fiscal fourth-quarter results after the market close. Investors have shown increasing concerns about Nvidia’s high valuation leading up to the announcement, given the chipmaker’s significant 230% surge in share price over the past year. Nvidia’s stock experienced a decline of more than 3% on Wednesday.

Source (CNBC)

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