Tech Stocks Struggle as Wall Street Anticipates Fed Minutes
January 8, 2025 - 18:15
Top technology stocks are facing challenges as they seek to recover from a difficult trading day. Notable names like Nvidia, Palantir, and AMD are striving for gains after experiencing declines. The quantum computing sector is also under pressure, with companies such as Rigetti and IonQ showing significant losses this morning.
As the market navigates these fluctuations, all eyes are on the Federal Reserve, which is scheduled to release the minutes from its most recent interest rate meeting at 2 p.m. ET today. Investors are keen to glean insights that could influence future monetary policy and market dynamics.
In addition to tech stocks, other trending tickers include Moderna, Aurora Innovation, and Exxon Mobil, reflecting a diverse interest across sectors. The day will also feature key guest appearances, starting with Stephanie Roth, Chief Economist at Wolfe Research, followed by industry leaders such as Ken Mahoney, CEO of Mahoney Asset Management, and Cristiano Amon, CEO of Qualcomm. Nela Richardson, Chief Economist at ADP, will also provide insights later in the morning.
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