Stocks traded modestly lower on Wednesday as investors awaited Nvidia's earnings report and weighed an inflation reading that came in a bit stronger than expected. The pullback followed a broadly higher session on Tuesday, led mostly by semiconductor stocks.
Stocks traded modestly lower on Wednesday, ahead of Nvidia's earnings report. The personal consumption expenditures index for July revealed inflation was a bit stronger than expected.
Nvidia shares fell 1.36% as the earnings report approached, described as the culmination of much hype and anticipation.
The move follows a stronger session a day earlier. Stocks ended broadly higher on Tuesday, with most of the advance coming from semiconductor stocks.
Source: Barron's (snippet-based)
Trading involves risk.
Risk Disclaimer
