Yesterday was yet another ugly session for US stocks. The increasingly heavier weight of Trump talk, deteriorating relationships across the globe combined with higher inflation expectations on tariffs, the uptick in inflation and weakening expectations from US consumers are certainly to blame for the selloff in equities – that boost appetite in bonds, considered to be a safer investment option. Major US indices fell, Roundhill’s Magnificent 7 ETF dived more than 2%, Tesla tumbled more than 8% on news that its European sales nosedived 45% in January. Nvidia lost 2.80% and tested its 200-DMA to the downside a day before announcing its quarterly earnings.
Nvidia will reveal its Q4 earnings today, after the bell, and expectations are strong. But will strong results be enough to lift investor sentiment is yet to be seen!
Source: https://www.fxstreet.com/news/nvidia-will-reveal-its-q4-earnings-today-after-the-bell-video-202502261140