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Market Cools as Nvidia’s Blowout Earnings Fail to Ignite Futures

  U.S. stock futures were mixed Thursday morning as investors digested Nvidia’s latest blockbuster earnings—results that impressed on paper but didn’t translate into broad market enthusiasm. Dow futures edged slightly higher, while S&P 500 and Nasdaq futures hovered near the flatline, reflecting a cautious mood across Wall Street. Nvidia delivered strong beats on quarterly revenue and profit, along with guidance that topped expectations. Despite the stellar numbers, the stock’s initial surge faded as traders questioned whether the AI boom can continue delivering outsized returns. Shares ultimately pared gains to under 1% in early trading. The broader market’s hesitation stems from growing concerns about the sustainability of heavy AI investment. Salesforce’s weaker outlook added to the uncertainty, dragging software shares and reinforcing fears that not all tech giants will benefit equally from the AI wave. Meanwhile, geopolitical tensions—including renewed U.S.–Iran nuclea...
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Stock Market Climbs to New Heights Ahead of Powell’s Testimony

 

The stock market witnessed modest gains today, with both the S&P 500 and Nasdaq Composite achieving new record highs. Investors are keenly anticipating Federal Reserve Chair Jerome Powell’s upcoming congressional testimony, which could provide crucial insights into the future of interest rates.

  • Modest Gains: The S&P 500 rose by 0.1%, while the Nasdaq Composite saw a 0.3% increase, marking a continuation of their upward trajectory.
  • Economic Indicators: Recent jobs reports suggest a cooling labor market, leading to increased speculation about a potential rate cut by the Federal Reserve in September.
  • Corporate Updates: Notable movements in the corporate sector included Boeing’s guilty plea to a criminal conspiracy charge related to the 737 Max crashes, and Tesla’s shares turning positive, potentially extending its winning streak.
  • Cryptocurrency Watch: Bitcoin hovered near the $56,000 mark, maintaining its position despite recent sell-offs and the ongoing repayment process by the defunct crypto exchange Mt. Gox.

As the market landscape evolves, all eyes remain on Powell’s testimony and the forthcoming Consumer Price Index data, which could further influence investor sentiment and market dynamics.\

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