Wall St Week Ahead: Nvidia earnings in focus

Nvidia can deliver a strong message about AI and how companies' spending plans are faring, said Art Hogan, chief market strategist at B Riley Wealth. — Reuters

NEW YORK: An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes centrestage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury yields.

US equities pulled back this week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government's US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5% and hitting its highest level since late 2023.