Market Mood Settles After Nvidia Earnings, Tech Earnings Provide Offset

The market is showing signs of settling after the recent volatility surrounding Nvidia’s earnings. Tech earnings are providing some positive impact, while upcoming economic data including GDP and the Fed’s favorite inflation gauge, the PCE index, are keeping traders on edge. This week also features a speech by a Federal Reserve official and the Labor Day holiday, which could impact trading volume.

Wall Street Awaits Nvidia Earnings, Retail Sector Sees Strength

Wall Street is taking a cautious approach until Nvidia’s earnings are released, as the tech giant’s performance is considered crucial for the broader market’s trajectory. Meanwhile, the retail sector is expected to see some gains driven by strong earnings from Nordstrom, while positive results from other tech companies could bolster sentiment in the sector.

U.S. Stocks Rise on Friday, Led by Tech Gains

U.S. stock markets closed higher on Friday, with the Dow Jones Industrial Average gaining over 200 points. The tech sector led the gains, while consumer staples lagged behind. Ross Stores reported strong second-quarter earnings and provided positive guidance for the rest of the year. Sequans Communications shares soared after reporting an increase in revenue, while U-BX Technology shares plummeted following unconfirmed rumors.

Chipmaker Sales Surge Hints at New PlayStation, Xbox, and Switch Consoles

Chinese chipmaker Weltrend has seen a significant increase in sales due to orders for new models of PlayStation, Xbox, and Switch consoles. This suggests that Sony, Microsoft, and Nintendo are preparing to release new gaming systems, with the PS5 Pro and Switch 2 already rumored to be in development. While details remain scarce, the chipmaker’s statements point to a potential refresh for all three major consoles.

iBUYPOWER Y60 Gaming Desktop PC: $200 Off at Best Buy

Looking to upgrade your gaming setup? Best Buy is offering a $200 discount on the powerful iBUYPOWER Y60 Gaming Desktop PC, equipped with a 14th Gen Intel Core i7-14700KF, NVIDIA GeForce RTX 4070, 16GB of RAM, and 2TB of storage. This deal is a great opportunity to snag a high-performance gaming PC at a discounted price.

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