Wall Street focusing on earnings from retailers including chip giant Nvidia
Description
Wall Street faces a heavy day of earnings from retail giants Kohl's Corp. (KSS), Abercrombie & Fitch Co. (ANF), and Foot Locker (FL) this morning. After the bell, CrowdStrike (CRWD) will also report its first earnings results since its massive outage impacted operations worldwide in July. Nvidia's (NVDA) highly anticipated results will also be released after the bell.
Takeaways:
- The main spotlight is on Nvidia as the semiconductor giant prepares to release its second-quarter earnings after the closing bell.
- Crypto asset bitcoin (BTC-USD), which has seen its price dip below $60,000 in Wednesday's trading session.
- Then, the focus shifts to the retail sector, following earnings reports from industry giants Kohl's (KSS), Foot Locker (FL), and Abercrombie & Fitch (ANF).
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