Midweek Market Recap and NVIDIA Earnings Breakdown - August 28, 2023
In this episode of Dividend Cafe, Brian Szytel discusses the performance of the stock market on a relatively uneventful day, with the Dow dropping 159 points, the S&P 500 down by 0.6%, and the NASDAQ falling by 1.12%. Bonds remained unchanged, while the dollar showed slight strength. The highlight of the day was NVIDIA's anticipated earnings, which surpassed expectations but resulted in a stock drop due to high valuations. Looking ahead, Brian previews key data releases for the next day, including initial jobless claims, trade and inventory data, a revision of Q2 GDP, and pending home sales.
00:00 Introduction and Market Overview 00:54 NVIDIA Earnings Report 01:18 Upcoming Economic Data 01:59 Conclusion and Sign Off
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com