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Investors sent the NASDAQ Composite lower on Wednesday as they waited for Nvidia’s quarterly earnings announcement.
The Dow Jones Industrials slipped 0.43 points to commence Wednesday at 41,250.07
The S&P 500 skidded 3.74 points to 5,623.06
The tech-heavy NASDAQ faded 53.29 points to 17,701.58.
Wall Street is keeping an eye on Nvidia to gauge the sustainability of the broader tech and AI trade. The semiconductor giant — slated to report after the close — has surged 159% in 2024, raising questions of how much
Prices for the 10-year Treasury inched higher, lowering yields to 3.83% from Tuesday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices sank $1.20 at $74.33 U.S. a barrel.
Gold prices dropped $10.50 to $2,542.40.
NASDAQ Dips on Nvidia Fortunes
