Stocks on Wall Street have closed mainly with a fall, recovering some of the great winnings that the market achieved last week due to hope in reducing interest rates by federal reserves.
S & P 500 fell by 0.4% and remains close to their historical maximum. Dow Jones Industrial Average closed with a drop of 0.8% after the friday reached a record level. Nasdaq Composite closed with a drop of 0.2%.
NVIDIA, the most valuable stock in the S & P 500, publishes results after the trading closure on Wednesday. Analysts predict that the chip manufacturer will publish earnings of $ 1.01 per share with revenue of $ 46.13 billion. Target prices grow in that period, reflecting optimism that the demand for AI hardware is still high.
Stock Nvidi has already had a monstrous growth: the shares were near a record level, increased by 32% of the beginning of the year, while almost doubled from the lowest value in April, seebiz. The report serves on Wednesday as a litmus test for Nvidia, as well as for the wider market, as investors expect potentially withdrawal from the technological sector before growing at the end of the week. Meanwhile, Dell (Dell) and Marvell Technology (MRVL) publish reports on Thursday.
Looking in advance, attention is turned to the PCE inflation report from Friday in July, the preferred indicator of the FED inflation. Economists expect the fundamental PCE to increase by 2.9% compared to the previous year, which is slightly more than 2.8% in June.
