Nvidia, Economic Worries May Continue To Weigh On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 04 September 2024 09:33:05 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. A continued decrease by shares of Nvidia (NVDA) may weigh on Wall Street, as the AI darling is slumping by 1.6 percent in premarket trading after plummeting by 9.5 percent in Tuesday?s session. The market leader remains under pressure after a report from Bloomberg said the U.S. Justice Department has sent subpoenas to Nvidia and other companies as it seeks evidence that the chipmaker violated antitrust laws. Citing people familiar with the investigation, Bloomberg said the DOJ is now sending legally binding requests that oblige recipients to provide information after previously delivering questionnaires to companies. Concerns about the outlook for the U.S. economy may also continue to weigh on the markets following yesterday?s disappointing readings on manufacturing activity. Economic worries contributed to the sell-off by stocks in early August, and traders may be nervous the markets recovered too quickly amid the li... [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 The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to climb to... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly lower on Wednesday as investors fret about weakening U.S. and Chinese growth. Economic activity in the U.S. manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, raising concerns the world's largest economy is headed for a recession. Elsewhere, a private survey revealed that growth in Chinese services sector activity slowed in August despite the summer travel peak. On the positive side, the eu... [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.]( --------------------------------------------------------------- Asia Asian stocks slumped on Wednesday after weak U.S. manufacturing data triggered heavy selling in chip-related stocks overnight. Gold traded below under $2,500 an ounce, pressured by a stronger U.S. dollar as traders awaited more U.S. economic data, including Friday's upcoming payrolls data, for more clues on the economic and interest rate outlook. Oil extended steep overnight losses to a nearly nine-month low amid renewed concerns over a potential slowdown in demand from China and the possibility ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are edging down $0.04 to $70.30 a barrel after plummeting $3.32 to $70.34 a barrel on Tuesday. Meanwhile, a... [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