Nasdaq 100: Tesla Rallies, Nvidia Stumbles; Market Awaits Earnings Outcomes…

In the meantime, Nvidia shares fell 2% after studies of overheating points with its Blackwell AI chips. This week’s earnings report from Nvidia, due Wednesday, will likely be a focus, significantly as merchants await insights into AI chip demand.

Earnings season continues with main retailers like Walmart, Goal, and Ross set to report. To date, 93% of S&P 500 corporations have delivered outcomes, with 75% exceeding EPS expectations, based on FactSet.

In different company information, Wells Fargo upgraded CVS shares, citing an improved regulatory atmosphere beneath a Republican administration. Conversely, Goldman Sachs downgraded Redfin, projecting a 22% draw back resulting from growing competitors and stagnation in U.S. residence gross sales.

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