Global stocks slipped on Wednesday ahead of highly anticipated results from chipmaker Nvidia, while the dollar seesawed as investors await minutes from the Federal Reserve's last policy meeting for insight into potential interest rate cuts. Steps by Chinese authorities to prop up economic growth in the world's largest raw materials consumer revived doubts about the growth outlook, which weighed on crude oil and iron ore. In Europe, stocks traded lower as shares in HSBC tumbled 8.6% after the region's largest bank reported a record annual profit that nonetheless missed analyst expectations.
Vertiv earnings topped but revenue and Q1 guidance fell short. The AI data center play and Nvidia partner tumbled early, but pared losses.
The stock market today started the day negative with the Dow Jones posting a modest loss Wednesday. Nvidia stock braces for an earnings move.