Stocks
Mixed Global Markets After Wall Street Retreats
Global stock markets are mixed after Wall Street retreated following economic updates. Shares in Nvidia jumped 7.2% after its quarterly earnings beat expectations due to strong demand for advanced artificial intelligence chips.
The FTSE 100, CAC 40, and DAX indices all fell between 0.2% and 0.8%, while the S&P 500 future gained 0.5%. The Nikkei 225 slipped 0.2%, but South Korea's Kospi rose 1.5%.
Nvidia reported a more than doubling of revenue for its May-July quarter, exceeding analyst forecasts. Its earnings are seen as a bellwether for the broader AI and chip industry.