NVIDIA is scheduled to release its second-quarter results, while Kevin Warsh is set to take the stage at Jackson Hole on the same day. The market is signaling both a decline in U.S. equities and a rise in long-term interest rates.
NVIDIA released its second-quarter results on Wednesday evening. On the same day as the earnings release, market attention is also likely to focus on notable developments involving the Federal Reserve.
Kevin Warsh is scheduled to take the stage at Jackson Hole on Friday morning, making this a key focus for the market.
The S&P 500 fell 1.4% last week, the Nasdaq Composite fell 2.0%, and the Dow Jones Industrial Average fell 0.8%, against a backdrop of turmoil in semiconductor stocks and rising long-term interest rates.
Long-term rates have risen, with the 30-year Treasury yield reaching 5.34%, a level not seen since 2007. Semiconductor stocks recorded declines of 5% in some sessions.
Against this backdrop, attention is focused on demand related to AI and expectations for growth in the generative AI market.