Wall Street Week Ahead: Nvidia Earnings Could Test U.S. Stock Market

Wall Street Week Ahead: Nvidia Earnings Could Test U.S. Stock Market

According to a report from marketscreener.com, the US stock market last week posted its first weekly loss since early January. This was driven by declines in technology and communications services and gains in materials. Additionally, a stronger-than-expected producer price report hurt equity markets as inflation pushes back the timing of Fed rate cuts and pushes up Treasury yields.

High inflation and disappointing price data have dampened sentiment on Wall Street. Additionally, yields and the dollar rose following better-than-expected US PPI data. This led to mixed trading and another fall in the stock market.

Given these facts, it can be assumed that investors will be unsettled and may act more cautiously. The prospect of rising yields and a delayed Fed rate cut could lead to increased volatility in the stock market. In addition, certain industries that are sensitive to rising interest rates and inflation could be more affected by these developments. It is therefore advisable to closely monitor current developments and, if necessary, make adjustments to the portfolios in order to be prepared for these possible effects.