Tech Edges Up Ahead Of Nvidia’s Earnings, Bitcoin Sinks Below $90,000: What’s Moving Markets Wednesday?
All eyes are on Nvidia Corp. (NASDAQ:NVDA) as the world’s most valuable company prepares to report third-quarter earnings after the close, a pivotal moment that could steer market sentiment through the final stretch of 2025.
By midday trading in New York, the Nasdaq 100 was showing timid signs of recovery after two consecutive sessions in the red, rising slightly with Nvidia up nearly 2%. The semiconductor sector led the rebound, advancing 1.3%, reflecting investor optimism ahead of the chipmaker’s report.
The S&P 500 followed with marginal gains, while the Dow Jones Industrial Average slipped 0.2%.
Traders are also watching for the minutes of the October Federal Open Market Committee meeting, due later on Wednesday. These could clarify the Federal Reserve’s stance going into December, with current market odds split between a rate cut and a hold.
Among Wednesday’s top performers, GE Vernova Inc. (NYSE:GEV) jumped nearly 6% after announcing its first onshore wind repower upgrade contract outside the U.S. The deal, signed with Taiwan Power Company, includes supplying 25 upgrade kits to improve turbine performance in Taiwan.
About The Author
