Dow Jones Erases Gains Amid Trade Deficit Shift; Nvidia Earnings in Focus
The Dow Jones Industrial Average surrendered early gains, dipping into negative territory after initially climbing 0.4% on Wednesday. The reversal coincides with a dramatic 23.8% monthly contraction in the U.S. trade deficit—the sharpest decline in seven weeks—as import volumes cratered 5.1%.
Nvidia's impending earnings report looms over markets, with AI sector valuations facing heightened scrutiny. The chipmaker's 2.46% index weighting amplifies its potential to sway broader market sentiment.