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Market Holds Steady as Nvidia Earnings and Economic Data Take Center Stage
Market Holds Steady as Nvidia Earnings and Economic Data Take Center Stage
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BTCCSquare news:
US equity futures showed muted movement Thursday as investors digested Nvidia's mixed earnings report and fresh economic indicators. The S&P 500 hovered NEAR record highs while the Dow and Nasdaq edged upward in premarket trading.
Nvidia's volatile premarket session saw shares erase early losses after reporting strong earnings overshadowed by weaker data-center sales. CEO Jensen Huang struck an optimistic tone, citing "extraordinary" demand for AI chips and identifying China as a $50 billion growth opportunity.
Economic data revealed stronger-than-expected Q2 GDP growth of 3.3%, marking a sharp reversal from Q1's contraction. The rebound was fueled primarily by reduced imports following first-quarter surges.
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