Nvidia Earnings After The Close

Key Takeaways

• All The Chips Rest On Nvidia
• Retail Stock Weakness
• Consumer Debt Concerns

Stocks opened Tuesday with a surge of strength, led by market stalwarts such as Nvidia. However, the rally faded by mid-morning as stocks gave up much of their gains by day’s end. The S&P 500 fell by 0.3% with seven out of eleven sectors seeing losses. The Nasdaq Composite managed to squeak out a small gain of 0.1%. But the next few days may give investors reasons to push markets higher, or continue on with the recent weakening.