Market-Moving Events

Ankur Crawford, executive vice president at Alger, joins 'Closing Bell' to discuss Nvidia's market activity, the backlash on data centers and more.

U.S. stocks ticked down after surprisingly heated inflation data as traders kept their powder dry ahead of earnings from artificial-intelligence bellwether Nvidia after the bell.

With election day ten weeks away, the stock market is beginning to care about the midterms. Wall Street is preparing for a range of scenarios, from the possibility of contested or delayed election results to the prospect of a divided Congress.

Nuvation Bio Inc. is downgraded to Hold after a >200% share price run, reflecting cautious optimism amid early Ibtrozi launch dynamics. Ibtrozi, now the leading ROS1 TKI in new patient starts, posted $23.2m Q2 revenues with strong first-line uptake, but overall patient starts declined sequentially. NUVB management projects a $3.8bn Ibtrozi peak revenue opportunity, but current sales and analyst estimates suggest a more modest trajectory near $650m.

President Donald Trump ​signed an executive order on ‌Wednesday banning the use of some foreign equipment in the U.S. electricity ​grid, the White House said.

I expected “economic D-Day” to hit harder. Instead, the broader markets barely reacted, except for oil and the long end of the yield curve.