Stocks edge lower as investors weigh geopolitical tensions, upcoming Nvidia earnings

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Stocks edge lower as investors weigh geopolitical tensions, upcoming Nvidia earnings - Channel News Asia

Quick Summary:

NEW YORK/LONDON :Global shares edged lower on Wednesday as markets weighed geopolitical tensions between Russia and the West and as investors eyed upcoming earnings from artificial intelligence powerhouse Nvidia, while bitcoin hit a new record high and the dollar rose.

The Dow Jones Industrial Average fell 0.26 per cent to 43,155.46, the S&P 500 fell 0.75 per cent to 5,872.66 and the Nasdaq Composite fell 1.11 per cent to 18,775.83.

Markets were realizing that some of Trump policies, including tariffs and deportations, could be inflationary, said Lukasz Tomicki, founding partner at LRT Capital in Austin, Texas.