Stock market today: Dow, S&P 500, Nasdaq slide out gains as Nvidia, tech stocks lead sharp reversal lower

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• Higher-income families are choosing to shop at Walmart more often, middle-income households have been steady, while lower-income families have been under additional pressure of late

  80% confidence

• Bath & Body Works has been underperforming and needs a turnaround strategy expected to take at least two years

  80% confidence

• There has been talk about an AI bubble, but from Nvidia's vantage point they see something very different

  80% confidence

• Demand for Nvidia's Blackwell processors is 'off the charts'

  80% confidence

• US homeowners remain healthy with strong balance sheets and continue to spend, but affordability and economic uncertainty weigh on consumer confidence for larger discretionary purchases due to elevated borrowing costs

  80% confidence

• Holiday shopping season is off to a good start

  80% confidence

• Consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand

  80% confidence

• Millennials reaching million dollar 401(k) milestone represents an interesting change, as historically 401(k) millionaires have been Gen X and Boomers

  80% confidence

• Merchandise availability across good, better, and best categories is very high, indicating other retailers are struggling

  80% confidence

• Target guests are choiceful, stretching budgets and prioritizing value, with themes remaining largely consistent with prior quarters

  80% confidence

• Nvidia is disappointed as China business falls flat amid geopolitical turmoil

  80% confidence

• Fed policymakers have strongly differing views over whether a cooling labor market or stubborn inflation poses the greater risk to the economy

  80% confidence

Cited in these Via News reports

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