World market today: US equity indices fell prior to the release of Nvidia’s earnings

Prior to the release of Nvidia’s earnings report and the minutes from the Federal Reserve’s most recent policy meeting, US equities indices fell on Wednesday.

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Prior to the release of Nvidia’s earnings report and the minutes from the Federal Reserve’s most recent policy meeting, US equities indices fell on Wednesday.

The S&P 500 was down 10.96 points, or 0.22 percent, at 4,964.55, the Nasdaq Composite was down 69.03 points, or 0.44 percent, at 15,561.76, and the Dow Jones Industrial Average was down 104.68 points, or 0.27 percent, at 38,459.12 at 9:40 a.m. ET.

Amazon.com increased 1.7%, and the business will be included in the Dow Jones Industrial Average the following week.

Nvidia’s stock dropped 1.2% ahead of the company’s anticipated quarterly results, which are released on Wednesday after markets close.

Palo Alto Networks, a cybersecurity company, saw a 25.4% decline in shares after predicting lower third-quarter billings than Wall Street anticipated.

The Dow Jones Industrial Average opened at 38,483.66, down 80.14 points, or 0.21 percent, at the opening bell. The Nasdaq Composite fell 98.66 points, or 0.63 percent, to 15,532.12, while the S&P 500 opened lower by 12.48 points, or 0.25 percent, at 4,963.03.

Exxon Mobil experienced a 1.3% increase while natural gas prices surged by 11%.

Britain’s FTSE 100 dropped 0.8% to 7,657.25 points in Europe. The CAC 40 of France increased by 0.2% to 7,807.87. The DAX in Germany increased by 0.4% to 17,137.98.

The Shanghai Composite of China increased by 1.0% to 2,950.96.

The Euro Stoxx 50 increased by 0.4% to 4,777.59. Hong Kong’s Hang Seng Index rose 1.6% to 16,503.10 on Asian stock markets. The Nikkei 225 of Japan dropped 0.3% to 38,262.16.

On Wednesday, oil prices continued to decline. By 1223 GMT, Brent crude futures had down 41 cents, or 0.5 percent, to $81.93 per barrel, while US West Texas Intermediate (WTI) had dropped 39 cents, or 0.51 percent, to $76.65.

As investors watched the Fed minutes from its most recent policy meeting for clues about when interest rate cuts would occur, gold prices increased on Wednesday. At $2,040.00 an ounce, US gold futures were stable.

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