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0 -0.000252891003977317 -0.000574752281766559 0.000528772099225145 -0.000471296871048672 -0.000873623468285159 -0.000252891003977317 -0.000218405867071355
Stock impact report

Wall Street slumps as investors take cover ahead of Fed decision [Reuters]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Reuters
All three indexes were lower in a broad sell-off ahead of the Fed announcement on Wednesday, with interest rate sensitive megacaps, led by Amazon.com and Nvidia Corp, dragging the Nasdaq down most. Market participants adjusted their positions ahead of the central bank's scheduled announcement, which is expected to culminate in a decision to leave key interest rates unchanged. “The increase of hedging is playing an underappreciated role in the price action we're seeing today,” Michael Green, chief strategist at Simplify Asset Management in Philadelphia. The Fed is also due to release its Summary Economic Projections, including its dot plot, which should provide a glimpse into the Federal Open Markets Committee's forecast trajectory of interest rates, inflation and economic growth. “What's being priced into the market is a pause but increased risk that rates will stay higher for longer,” Green added. “If (the Fed) announced that they are removing rate cuts in 2024 by raising th Show less Read more
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