Markets Waver After Nvidia Earnings

Written By Timmy Adami

August 29, 2024

MRKT Matrix - Thursday, August 29th

  • Dow rises 200 points for fresh record close, Nasdaq falls as Nvidia shares tumble (CNBC)

  • ‘Nvidia Day’ Inspires Watch Parties and Memes, but the Fanfare Doesn’t Last (WSJ)

  • The AI Chip Behind Nvidia’s Supersonic Stock Rally (Bloomberg)

  • Nvidia Has Held Discussions About Joining OpenAI’s Funding Round (Bloomberg)

  • Affirm shares surge 34% and head for best day in three years after earnings beat (CNBC)

  • Best Buy stock soars on a beat and raise. We think that’s just the beginning (CNBC)

  • US Economy Expands at Revised 3% Rate on Resilient Consumer (Bloomberg)

  • The Fed’s preferred inflation indicator is out Friday. Here’s what to expect (CNBC)

  • Bosses Are Finding Ways to Pay Workers Less (WSJ)

Timmy Adami
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