Nvidia (NVDA) is in the spotlight ahead of the chipmaker's fourth-quarter earnings results expected out on Wednesday, February 21. Yahoo Finance Tech Editor Dan Howley joins the Live show to detail the Magnificent Seven tech stock component's revenue estimates tied to AI and expectations on 2024 guidance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Nvidia (NVDA) is in the spotlight ahead of the chipmaker's fourth-quarter earnings results expected out on Wednesday, February 21. Yahoo Finance Tech Editor Dan Howley joins the Live show to detail the Magnificent Seven tech stock component's revenue estimates tied to AI and expectations on 2024 guidance.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Investor's Business Daily
The Dow Jones Industrial Average couldn't quite get into positive territory in midday trades Tuesday and took a loss going into afternoon trading. Dow stocks briefly flirted with break-even territory before succumbing and dropping 0.3%. The S&P 500 fell 0.8% while the Nasdaq continued to languish, tumbling further into negative territory for a 1.5% loss.
Reuters
Investors in interest rate options are paying for trades that benefit from a sharp slowdown in the U.S. economy, contrary to the upbeat outlook held by many bond market participants. Analysts said they have seen increased demand from hedge funds in the U.S. options market for so-called "receiver swaptions," a type of trade that pays off when interest rates fall. In general, receiver swaptions give buyers the right to enter into an interest rate swap where they receive the fixed rate and pay the floating one.
Barrons.com
The Dow was down 143 points, or 0.4%. The Nasdaq Composite was down 1.6%. Shares of Nvidia, among the high-profile megacap stocks that led the market higher in 2023 amid artificial intelligence excitement, were down 6.3% a day prior to the chip maker’s fourth-quarter earnings report.