All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after market close, can meet the market's sky-high expectations and ...
- U.S. index futures were subdued on Wednesday as investors zeroed in on the week's biggest events, AI chip leader Nvidia 's quarterly results and the Federal Reserve 's policy meeting minutes due later in the day.
"Despite the stock's incredible recent performance, there's tension in the market, with investors eager to see if Nvidia's impressive momentum from 2023 has carried into early 2024," said Sam North, analyst at investment platform eToro."We should note that the bar is set pretty high, and another double-digit beat and raise might be a tall order."
Traders see near 69% odds of the Fed cutting rates in September by at least 25 basis points, according to CME's FedWatch Tool.
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