Nvidia's earnings could determine the stock market's near-term direction: BofA
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Nvidia's upcoming earnings report is considered by BofA analysts to be a significant factor that could influence the near-term direction of the stock market, potentially having a greater impact than other major economic indicators like the jobs report, CPI, or the Federal Reserve meeting.
November 18, 2024 | 7:30 pm
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Nvidia's earnings report is seen as a critical factor that could influence the stock market's near-term direction, according to BofA analysts.
BofA analysts suggest that Nvidia's earnings report could have a significant impact on the stock market, potentially more so than other major economic indicators. This indicates a high level of investor interest and potential volatility in Nvidia's stock price around the earnings release.
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