Caution Ahead Of Nvidia Earnings May Weigh On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 22 May 2024 09:12:43 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a slightly lower open on Wednesday, with stocks likely to give back ground after ending yesterday?s choppy trading day modestly higher. Traders may look to cash in on recent strength in the markets ahead of the release of quarterly results from AI darling Nvidia (NVDA). Nvidia is scheduled to release its fiscal first quarter results after the close of today?s trading, with analysts expecting the company to report substantial earnings and revenue growth. Nonetheless, traders may be reluctant to make significant moves ahead of the release of the minutes of the Federal Reserve?s latest monetary policy meeting this afternoon. The minutes could have an impact on the outlook for interest rates following recent comments from some Fed officials suggesting rates may need to remain higher for longer than anticipated. [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( Chicago Federal Reserve President Austan Goolsbee is due to deliver opening remarks before a hybrid Holding Company Symposium hosted by the Chicago Fed at 9:45 am ET. At 10 am ET, the National Association of Realtors is scheduled to re... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Target (TGT) are moving sharply lower in pre-market trading after the retail giant reported first quarter earnings that missed analyst estimates. Telehealth ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have declined on Wednesday due to uncertainty over the interest rate outlook and amid caution ahead of Nvidia's earnings release. Meanwhile, data showed that U.K. consumer price inflation slowed less than expected in April, raising uncertainty over a possible rate cut in June. Data from the Office for National Statistics showed that the U.K. ... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended mixed in range-bound trading on Wednesday, as investors waited for cues from AI chip leader Nvidia's earnings and the release of minutes of the Federal Reserve's latest meeting. Waning optimism over the Chinese economic recovery and geopolitical uncertainties also kept investors on the sidelines. The dollar consolidated as more Fed officials cautioned that sticky inflation could keep rates high for longer. Gold edged down slightly in Asian trading, while oil prices fell over... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are slumping $0.74 to $77.92 a barrel after sliding $0.64 to $78.66 a barrel on Tuesday. Meanwhile, an oun... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49