Nvidia's upcoming profit report on Wednesday carries big potential repercussions for the market. As one of the biggest companies in the stock market, its movements carry extra weight on the S&P 500 and other indexes.
The body of British tech magnate Mike Lynch is among those recovered from the wreckage of a superyacht off the coast of Sicily, the coast guard says.A sign for a Nvidia office building is shown in Santa Clara, Calif., Wednesday, Aug. 7, 2024. ? Anyone with an S&P 500 index fund is hoping to get an answer to that weighty question next week.When Nvidia reports its latest quarterly results on Wednesday, analysts are looking for its revenue to have surged to $28.
Combined with Nvidia’s big size, the blistering performance meant the chip company accounted for nearly 30% of the S&P 500’s total return for the first six months of the year. All that from just one of the 500 companies in the index, or 0.2% of its membership.
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