Back to News
Aug 29, 2024 7:31 AM

Asia Markets Mixed, Europe Advances; US Dollar Gains While Gold Hits New High At $2,555 - Global Markets Today While US Slept

On Wednesday, August 28, the U.S. stocks ended lower as investors awaited Nvidia’s key quarterly report, which could impact the AI-driven market rally. Nvidia’s shares dipped 2.1%, though they’ve surged 154% this year. The report follows concerns about rising spending by tech giants like Microsoft and Alphabet in the AI sector.

Economic data shows that U.S. mortgage applications increased by 0.5% during the week ending August 23 compared to the previous week.

Out of the 11 S&P 500 sector indexes, eight declined, led by information technology and consumer discretionary, while financials and healthcare stocks bucked the trend, closing the session higher.

Related: Nvidia Q2 Earnings, Guidance Top Street View As AI Fuels ...