This Wednesday, while Investors are awaiting the meeting with Nvidiawhose results will be published at the close, Wall Street trades with fallsafter the Dow Jones hit new all-time highs on Tuesday. Wall Street ended with light purchases on Tuesday (Dow Jones: +0.02%; S&P500: +0.16%; Nasdaq: +0.16%). For this Wednesday, the indices are recording insignificant increases before the market opens, which do not exceed 0.05%. Today, the focus is on the Nvidia results. Its accounts will serve to assess the overall sustainability of the technology and AI sector. «It has become the face of the AI technology boom and markets have used its earnings presentations to assess the state of AI capital expenditure. Therefore, has the potential to move global markets despite being scheduled for after the US market close,» Danske Bank said. Meanwhile, Link Securities is «convinced that the company will be able, as has been the case lately, to comfortably exceed sales and profit expectations «The analysts' consensus is not clear. What is not at all clear is whether that will be enough for investors.» «In principle, they will give greater value to the progress of the margins and, above all, to the expectations that the company's managers transmit about the evolution of the demand for everything related to AI. Investors will also value what the company says about the launch of its new chip (Blackwell) and when this product will begin to have an impact on the company's sales and results«They say. The behavior of a significant part of the Western stock markets in the short term will depend to a large extent on how investors react to all of the above, specifically the stocks in the technology sector, many of which continue to trade at very demanding valuations, which They discount large future growth in their results«They add. In addition, investors are awaiting other data to be released later in the week, such as the update on US GDP, which will be released on Thursday, as well as initial unemployment claims. Also, the US Department of Commerce will publish on Friday the July reading of the personal consumption price index, known as PCE, the indicator most closely followed by the Federal Reserve (Fed). In this sense, they are expected to provide more clues about a possible interest rate cut. Investors are now almost fully discounting a 25 basis point cut in September. In addition, it was learned on Wednesday that US mortgage applications rose 0.5% in the week ending August 23 relative to the previous seven days, according to data from the Mortgage Bankers Association (MBA) weekly applications survey.
COMPANIES AND OTHER MARKETS
In today's business, Apple has made the decision to cut around 100 jobs in its digital services group as part of a shift in priorities for the key division, Bloomberg reported on Wednesday, citing people familiar with the matter. Foot Locker drops 15% after reporting second quarter resultswhich include losses of 12 million dollars, which represents an increase of 140% from the red figures worth 5 million collected in the same period of the previous year. Also Super Micro Computer shares have fallen sharply (-20%)after the firm announced that will delay the publication of its accounts for the fiscal year that ended on June 30The firm has not detailed the reason, although the decision comes after an attack by the bearish fund Hindenburg Research. In other markets, the euro is changing to 1.1154 dollars (-0.26%). The oil is trading with significant falls, with the Brent at 78 dollars (-1.45%) and the WTI at $74 (-1.5%). gold It now leaves 0.34% ($2,544) and the silvera -1.56% ($29.95). The bitcoin is trading below $60,000 ($59,021) and the ethereum falls to $2,459. The profitability of the 10-year American bond falls to 3.825%.