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Stock impact report

Market slide frays investors' nerves with AI trade, rate-cut doubts [Globe and Mail, The (Toronto, Canada)]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
all-time high, while the Nasdaq Composite had dropped about 6% from its peak from that time. The S&P 500 on Monday closed below its 50-day moving average, a key intermediate trend indicator, for the first time since April 30. The Cboe Volatility Index, Wall Street's fear gauge, rose on Tuesday to its highest level in a month. “Markets are needy of getting both reassurance the Fed is going to cut rates and also reassurance that the AI trade is not going to go south,” said Tony Roth, chief investment officer at Wilmington Trust. Investors have zeroed in for weeks on the quarterly report from Nvidia Corp, the world's largest company by market value, as a potentially pivotal moment for the AI trade. The semiconductor company, whose chips are central to the massive AI infrastructure buildout rippling through corporations, reports fiscal third-quarter results after the market closes on Wednesday. “I can't think of a real reason to go in and buy aggressively until that's out of the way Show less Read more
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