Five things you need to know before the market opens on Thursday August 24:
1. -- Stocks higher, with tech pacing gains, as Nvidia outlook stokes AI frenzy
Nvidia's outsized earnings, as well as a pullback in Treasury bond yields, has stocks primed for solid gains Thursday as markets look to the start of a key Fed summit later in the session.
2. -- Jobs data in focus as pay deals, hiring complicate Fed inflation task
Jobs data will be back in focus Thursday as markets continue to key on the labor market for clues as to the pace of inflation heading into the autumn and the Fed's likely reaction to a wage-fueled spike in consumer price pressures.
3. -- Nvidia set for record high open as chipmaker coverts AI hype to stunning revenue surge
Nvidia once again confirmed its place as the market leader in AI chipmaking, while justifying much of the hype around the world's hottest technology, with blockbuster Q2 earnings and a stellar sales forecast.
4. -- Retail earnings run continues as Gap, Nordstrom ready Q2 updates
Gap and Nordstrom will post second quarter earnings after the close of trading as markets sift through a host of retail-focused earnings this week on Wall Street.
5. -- Snowflake leaps as AI investment surge supports data group earnings
Snowflake, the tech group group that sits at the intersection between AI chips and data storage, topped Street earnings forecasts thanks in part to a developing partnership with Nvidia.
