Chip stocks fall on Nvidia results
I came across this piece on Bloomberg noting that the Nasdaq 100 futures are showing that the tech stocks may have a bad day on the back of the results out from Nvidia and Applied Materials.
Justin covered this in his wrap earlier:
Instead, it was Nvidia's poor earnings overnight that is overshadowing markets leading to losses in chip makers and semiconductor stocks in the equities space. And the negative sentiment is driving the yen higher while at the same time pushing the aussie and kiwi lower.