Pre-Market Pulse 27th February – Investor enthusiasm underwhelming as Nvidia beats
US indices gave up early gains as fresh tariff concerns soured investor sentiment just ahead of quarterly earnings from artificial intelligence-darling Nvidia.
US indices gave up early gains as fresh tariff concerns soured investor sentiment just ahead of quarterly earnings from artificial intelligence-darling Nvidia.
Stocks and Treasury yields tumbled on signs of softening U.S. growth and uncertainty over Trump administration policies.
Stocks continued to fall overnight driven by an Nvidia-led decline in fall in tech ahead of earnings from chipmaking giant.
Stocks slumped Friday, ending the week with a loss as soft data flagging worries about the economy triggered a sea of red of across the market.
Stocks fell overnight after disappointing sales outlook from big-box retailer Walmart raised concerns about the consumer and underlying economic strength.
Stocks drifted sideways overnight as the minutes from the Federal Reserve’s January meeting was uneventful, broadly confirming investor expectations for an extended pause on rate cuts.
Stocks squeezed out a record high overnight, marking a positive start to the holiday-shortened week as investors adopted a “wait-and-see” attitude, ahead of the Federal Reserve’s January meeting minutes and upcoming retail earnings reports.
ASX Slips as Property and Energy Stocks Weigh on Market
The S&P/ASX 200 fell 0.5% (42.7 points) to 8,494.40 on Tuesday, driven by declines in property and energy stocks. The Australian dollar eased to US63.44¢ after reaching a two-month high on Monday.
Stock closed just shy of record Friday as data pointing to weakness in the consumer and ongoing inflation concerns weighed upside momentum
Stock closed higher overnight after President Donald Trump signed an order to explore reciprocal tariffs on U.S. trading partners, but stopped of implementing the measures immediately as some had feared.
Stocks ended down overnight after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.
Stocks were heavy overnight after Federal Reserve Chairman Jerome Powell said the Fed doesn’t need to be hurry to cut rates again at a time when many are concerned that President Donald Trump’s tariffs could fuel inflation.