Stocks (^DJI, ^IXIC, ^GSPC) are bracing for NVIDIA (NVDA) earnings to be released after market close, which could be the difference between winning and losing the market rally in May.
Retailer Target (TGT) reported lower consumer discretionary spending, with first-quarter sales and profits slightly below expectations.
Minutes of the Federal Reserve’s latest FOMC meeting will be released this afternoon, providing greater clarity on where the Fed stands on interest rates following comments from central bank officials. .
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This post was written by Luke Carberry Morgan.
Video Transcript
Let’s jump right into the 3 things you need to know this Wednesday morning and the roadmap for your trading day.
Jared Breyer of Yahoo Finance.
This morning, Brian Sagy and Jennifer Schoenberger convened even more teachers ahead of the season’s biggest earnings report.
In video.
AI chip J is set to report first-quarter earnings after today’s bill, the biggest test for Wall Street’s stock rally.
Wall Street expects the company to report revenue and profits up more than 200% and 400% year-over-year, respectively, as demand for its chips soars amid the AI boom.
Households hit by inflation are already saying no to extra stuff.
big shopping cart.
Target stock has been slumping following the financial results.
Missing expectations, shopper comparison sales fell 3.7% for the fourth consecutive quarter in this key metric as we became more cautious.
The company is now warning that consumers’ frugal mood could last through the summer.
And Cleveland, where Chancellor Lorre is a master, and Boston, where Chancellor Susan Collins spoke Tuesday night, need more evidence.
Inflation has been cooling ahead of the rate cut and the government needs to see at least a quarter of good inflation data before cutting rates, PA said, adding that it will get the minutes of the Fed’s policy meeting at 2pm ET this afternoon to see if officials are still striking a hawkish tone.
