Wall Street Holds Breath Ahead of Nvidia Earnings

Wall Street's major indexes opened flat on Wednesday, awaiting Nvidia's earnings report. The report is crucial to determine if the recent bull market, led by the AI chip firm and other tech shares, can continue. The Dow, S&P 500, and Nasdaq saw minor declines at the opening.


Devdiscourse News Desk | Updated: 28-08-2024 19:08 IST | Created: 28-08-2024 19:08 IST
Wall Street Holds Breath Ahead of Nvidia Earnings
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Wall Street's main indexes remained flat at the open on Wednesday, with investors keenly awaiting Nvidia's earnings report. The report is expected to reveal whether the recent bull market, driven by the AI chip firm and other tech-related stocks, can be sustained.

The Dow Jones Industrial Average edged down by 0.33 point, opening at 41,250.17. Meanwhile, the S&P 500 fell by 1.29 points, or 0.02%, to 5,624.51, and the Nasdaq Composite decreased by 16.02 points, or 0.09%, to 17,738.80 at the opening bell.

The market's response to Nvidia's financial performance will be closely watched, as it could set the tone for future market movements in the tech sector.

(With inputs from agencies.)

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