US equities falter while Germany and euro digest election results

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The Star 7h ago

US equities falter while Germany and euro digest election results - The Star

Quick Summary:

NEW YORK/LONDON/SYDNEY: Wall Street struggled for traction on Monday, ending mixed after slumping last week, while German election results buoyed German shares and Europe's single currency as investors waited for midweek results from artificial intelligence chip leader Nvidia.

"Now we're looking at other things, whether it's uncertainty, geopolitical, whether we're finally looking at earnings and things like that affect markets," said Joe Saluzzi, co-head of equity trading at Themis Trading.

The pullback has raised the stakes for Nvidia's results on Wednesday when investors will be looking for further rapid growth in revenue and a read on whether AI hype is justified and valuations in market-leading growth stocks fair.