Journalist Lucas Carberry Mogan reports that investors are gearing up for Nvidia’s earnings release after the market closes, which could have a significant impact on market movements in May. The Federal Reserve’s FOMC meeting minutes are also set to be released, providing insight into the Fed’s stance on interest rates.
Despite missing first-quarter estimates, Target’s earnings report reflects a consumer pushback on discretionary spending. The company saw a decline in comparable sales from US buyers for the fourth consecutive quarter, indicating a trend towards more cautious consumer behavior.
Wall Street analysts anticipate Nvidia to report strong revenue and profit numbers, with a significant increase from the previous year due to the high demand for AI chips. However, inflation concerns continue to weigh on households, with Target’s stock taking a hit following its earnings report.
Federal Reserve officials are closely monitoring inflation data before making decisions on interest rates, with the FOMC meeting minutes scheduled for release later in the day. Investors are advised to stay informed on expert insights and market action by watching the full episode of Morning Brief on Yahoo Finance.
In summary, investors are eagerly awaiting Nvidia’s earnings release and Federal Reserve’s FOMC meeting minutes, which will provide guidance on market movements and interest rate decisions. Target’s earnings report reflects a pullback in consumer spending, while inflation concerns continue to impact household behavior. Stay tuned for further updates on market developments and expert insights on Yahoo Finance.
Article Source
https://finance.yahoo.com/video/stocks-await-nvidia-earnings-target-131558354.html
