Wall Street: Tech stocks recover, tension ahead of Nvidia figures
After the losses, the upward movement in tech and semiconductor stocks is supporting the US stock exchanges. In addition, ahead of the quarterly figures, the chip company Nvidia is in focus.
US stock market indices are rising, led by tech and semiconductors, with Nasdaq Future up 0.8%, S&P 500 and Dow Jones up 0.4%. Nvidia is attempting to stabilize after seven consecutive days of losses ahead of its earnings report on Wednesday. Bond yields and oil prices have eased, with 10-year US Treasury yields at 4.67% and Brent oil below $90 after Pakistan reported progress in talks with Iran.
The market is now focused on key events including PCE inflation and Nvidia's earnings on Wednesday and Fed Chair Kevin Warsh's speech in Jackson Hole on Friday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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