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U.S. Stocks Flat Ahead of Nvidia Earnings as Tech Sector Holds Breath
U.S. Stocks Flat Ahead of Nvidia Earnings as Tech Sector Holds Breath
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BTCCSquare news:
Wall Street's major indices hovered NEAR equilibrium Wednesday morning, with the S&P 500 virtually unchanged as market participants await Nvidia's pivotal earnings report. The tech bellwether's results, due post-close, could catalyze sector-wide movement—particularly in AI-related assets—given its outsized influence on risk sentiment.
Despite two consecutive muted sessions, equity benchmarks maintain monthly gains: the S&P 500 (+2%), Dow Jones (+2.9%), and Nasdaq (+2%) all reflect residual bullishness from the recent tech rally. This resilience comes despite political turbulence surrounding Federal Reserve personnel changes and fading enthusiasm around Jerome Powell's Jackson Hole commentary.
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