Posted 4/3/2024, 3:02:00 PM
Stocks Mixed Ahead of Powell Speech As Tesla Slumps Further, Nvidia and Chipmakers Face Headwinds
- Major indexes rose ahead of Fed Chair Powell's speech as investors awaited guidance on rates
- Nvidia rebounded from losses despite Taiwan quake impacting foundry partner Taiwan Semiconductor
- Tesla stock fell further on analyst views questioning slowing demand and high inventory
- Intel stock dropped nearly 7% on losses and delayed break-even timeline for foundry business
- Dave & Buster's surged on earnings beat while Cal-Maine bounced back above a cup with handle buy point