Yields, Stocks Sag as 'Tariff Man' Flexes Muscles, Nvidia Reports
Nvidia's fourth-quarter earnings, released after the market close on Wednesday, saw revenue grow 78% to $39.3 billion, beating estimates of $38.04 billion, and forecasted first-quarter revenue was also above market estimates. The firm's stock was little changed in choppy, after-hours trading. Shares in Wall Street's 'Magnificent Seven' and Big Tech more broadly have been under heavy pressure this year as investors rotate into unloved sectors at home and cheaper markets abroad.
- The global market's reaction to Trump's tariff threats suggests that investors are prioritizing growth concerns over inflationary pressures, potentially signaling a preference for caution in the face of escalating trade tensions.
- How will the near-term impact of these tariffs on U.S. GDP and broader market trends play out in the coming months, particularly if the expected March 4 deadline is met?