The U.S. stock market was closed Monday for the Presidents' Day holiday, and investors returned Tuesday with a risk-off mindset. Indeed, the three main indexes closed today with losses ahead of what will be a busy few days on Wall Street.
Most notably is tomorrow night's earnings event from artificial intelligence (AI) chipmaker Nvidia (NVDA). The mega-cap stock has been a market leader over the past 18 months, surging more than fivefold in that time frame amid optimism over sizzling demand for its generative AI chips.
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