Nasdaq and S&P500: AI Spending Concerns Pressure Tech Stocks Ahead of Nvidia Earnings
Portfolio Pulse from
The S&P 500 fell by 0.95% due to concerns over Nvidia's AI demand ahead of its earnings report. Retail sector struggles are highlighted by Target's 20% stock drop and a 1.5% decline in retail ETFs.
November 20, 2024 | 4:00 pm
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NEGATIVE IMPACT
Nasdaq is indirectly affected by the pressure on tech stocks due to Nvidia's AI demand concerns.
As a major stock exchange with significant tech listings, Nasdaq is indirectly impacted by the pressure on tech stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nvidia's AI demand is under scrutiny, impacting tech stocks and contributing to a 0.95% drop in the S&P 500.
Nvidia is a key player in AI technology, and any concerns about its demand can significantly impact tech stocks and indices like the S&P 500.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Target's stock plummeted 20% amid deepening retail struggles, affecting retail ETFs.
Target's significant stock drop highlights ongoing challenges in the retail sector, affecting related ETFs.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90