New York – Wall Street opened mixed on Wednesday as investors monitored geopolitical developments surrounding tensions between the United States and Iran while awaiting quarterly earnings from NVIDIA, widely viewed as a key indicator for the artificial intelligence market.
Shortly after the opening bell, the Dow Jones Industrial Average slipped 0.05%, while the S&P 500 gained 0.17% and the tech-heavy Nasdaq Composite advanced 0.32%.
Investors are closely watching Nvidia’s first-quarter fiscal results, expected after the closing bell, as the company’s performance is considered a major gauge of demand for artificial intelligence technologies and semiconductor chips.
Nvidia shares rose 0.59% in early trading, while other chipmakers such as Intel and Advanced Micro Devices posted gains of 5.8% and 4.3%, respectively.
Meanwhile, shares of retail giant Target fell 7.1% during the morning session.
Markets are also awaiting the release of minutes from the Federal Reserve’s April meeting, scheduled for 2:00 p.m. local time, as investors search for additional signals on interest rates and monetary policy.
In commodities markets, West Texas Intermediate crude oil prices declined 2.17% to $101.89 per barrel amid renewed optimism over a potential easing of tensions between the United States and Iran following diplomatic discussions involving Pakistani leaders in Tehran.
President Trump swore the new Federal Reserve chair at a White House ceremony, pledging to let him lead “totally independently.”
Gov. González Colón gives her State of the Commonwealth address today, with businesses eyeing her $33.57 billion FY2027 budget.
While the fiscal entity is satisfied with the fiscal reforms, it’s unlikely that Puerto Rico can come back to the markets while there still no PREPA deal available During the fifty-first (51st) meeting of the Financial Oversight and Management Board (FOMB), the board’s executive director, Robert Mujica, emphasized the importance of implementing reforms to the […]
