Stocks

Market Outlook: What's on the Horizon for Thursday's Trading Session

Published August 30, 2024

Investors experienced a tremble in the stock market on Wednesday as key indices took a dip. The S&P 500 and the Nasdaq Composite both stumbled, with speculators keeping a cautious eye on technology and healthcare sectors. Most notably, shares of Nvidia Corporation NVDA, a leader in graphic processing units, saw a notable decline ahead of their financial results announcement. Market enthusiasts are now keenly awaiting Thursday's trading session to gauge the market's next move.

Spotlight on Nvidia Corporation

Nvidia Corporation NVDA, with its headquarters nestled in Santa Clara, California, serves as a pivotal force in the technological sector. Its specialization in GPUs for gaming and professional use, along with SoCs for mobile and automotive applications, positions it as a tech powerhouse, making its stock performance a focal point for investors.

Watching CVS Health's Performance

In the healthcare arena, CVS Health CVS, a multifaceted company, operates as a chief player with its sprawling portfolio encompassing a retail pharmacy chain, pharmacy benefits management, and health insurance services through Aetna. From its base in Woonsocket, Rhode Island, CVS Health continues to be a stock of interest due to its expansive influence in the healthcare market.

S&P500, Nasdaq, Nvidia