Nvidia is due to report fiscal third-quarter earnings after Wednesday's closing bell. Investors will be looking to see if the company can stabilize the AI trade in the face of mounting concerns about rampant spending.

The seemingly sturdy U.S. stock market has begun to wobble. Its months-long tech-driven rally may be running out of steam amid broader uncertainty about the U.S. economy’s outlook.

U.S. stock index futures were slightly higher on Wednesday, having clocked declines at the start of the week, with investor focus on Nvidia's earnings later in the day which could prove to be a make-or-break moment for the AI trade.

Home Depot President and CEO Ted Decker blamed the earnings miss on a lack of storms. Over the third quarter of 2024, hurricane-fueled demand boosted home-improvement sales in affected regions—$200 million in extra sales in the third quarter, and $220 million in the fourth.

European markets resumed their sell off on Wednesday amid lingering doubts over tech stocks, with investors eagerly awaiting Nvidia earnings later.The pan-European Stoxx 600 was 0.2% lower at 8:48 a.m.

Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.

Let’s delve into the details of each of the evaluated factors, but first, for a quick background: With a $917 Bil market cap, Eli Lilly offers pharmaceuticals globally, focusing on treatments for cancers, rheumatoid arthritis, psoriasis, and other autoimmune disorders.

Nvidia shares have fallen more than 12% since their recent peak on Oct. 29—the day it became the world's first $5 trillion company. It's the 16th time shares have "corrected," dropping 10% or more from a recent high,

One thing that helped Tesla stock buck the market trend was a price target hike from Stifel analyst Stephen Gengaro. On Sunday, he took his target to $508 from $483 and kept his Buy rating on shares, citing improved performance of Tesla’s Full-Self Driving driver assistance product.

This is a significant adjustment, but it’s important to note that the stock was initially priced at $31 during its remarkable June IPO