"The Vanguard S&P 500 ETF ( NYSEMKT: VOO) fell at the open Monday morning, down 0.4%, as investors brace for the federal government resuming issuance of (presumably bad) economic reports now that the government shutdown has ended. On Thursday, the Bureau of Labor Statistics is due to report on September payrolls, releasing numbers that never came out in October because of the shutdown."
"That news could be either good or bad, but given the selloff in AI stocks over the past couple weeks, it's likely investors are leaning towards an expectation of bad news - or at least bad guidance. For what it's worth, analysts polled by Yahoo! Finance anticipate Nvidia will report a $1.25 per share profit on sales of $55 billion - 57% sales growth... but only 54% earnings growth, which if correct would imply a decline in profit margin."
The Vanguard S&P 500 ETF opened down 0.4% as investors prepared for the federal government to resume releasing delayed economic reports after the shutdown ended. The Bureau of Labor Statistics will report September payrolls on Thursday, and a "real earnings" CPI-related report is due Friday. Nvidia reports Q3 earnings Wednesday, with analysts expecting $1.25 EPS on about $55 billion in sales, implying narrowing margins; Nvidia opened roughly 2% lower. Sohu posted Q3 profit of $0.33 on $180.2 million in sales and guided modest gaming growth, while XPeng reported a smaller-than-expected loss but weaker revenue, and its stock fell.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]