Nvidia Earnings & Fed Rate Hikes | US News

Markets stayed calm yesterday, with the S&P 500 hovering near record highs while the Dow and Nasdaq dipped slightly—despite inflation data beating expectations and pushing Treasury yields higher. Traders are still betting the Fed will raise rates at least once this year. Nvidia’s earnings report looms today, with sky-high expectations for the AI giant amid growing concerns that chip demand could cool if AI doesn’t deliver promised profits. Meanwhile, Abercrombie & Fitch soared over 30% after crushing earnings estimates and boosting its outlook, while J.M. Smucker gained 4% on strong results. Intuit fell nearly 4% despite beating earnings, as its growth forecast disappointed analysts. Meta jumped 1% after agreeing to a $17 billion settlement to add child safety features to Facebook and Instagram. The 10-year Treasury yield settled around 4.67%. Inflation held steady at 3.7%, slightly worse than expected, and consumer spending slowed, with overall economic growth matching 1.5% annual pace. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c4a710c51ce2437e