All three major indices were green in midday trading Wednesday as the S&P 500 and Nasdaq 100 looked to snap their four-day losing streaks. NVIDIA Corp. (NASDAQ:NVDA) shares led the tech sector higher as investors anticipated the tech giant’s quarterly earnings release after the closing bell.
“Nvidia is the bellwether and market-darling stock that is of vital importance to the broader markets. Its performance provides meaningful guidance for the broader market tone. The importance for the tech sector cannot be understated,” said SWBC chief investment officer Chris Brigati, per CNBC.
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Mortgage rates fell further last week to 6.88%, according to the Mortgage Bankers Association and sales of new single-family homes in the U.S. dropped 10.5% from the previous month to 657,000 in January, below market expectations of 680,000, as tracked by Trading Economics.
The yield on the U.S. 10-year Treasury note held …
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