Stock rally stumbles with Nvidia earnings on tap: What to know this week

Published On Nov 17, 2024, 7:38 AM

The stock market rally has come to a halt following disappointing economic signals and uncertainty around Federal Reserve policies. The S&P 500 fell over 2% last week amidst inflation data and comments from Fed Chair Jerome Powell that suggested there may not be a swift return to rate cuts. This week, significant attention is on Nvidia's upcoming earnings report, expected to show strong growth, which could influence market sentiment despite recent volatility. Other major companies like Walmart and Target will also report earnings. Analysts predict Nvidia's earnings will likely exceed expectations, raising further interest in AI and tech stocks.