Stock market today: Wall Street poised for gains on strong earnings reports ahead of inflation data
Nvidia rose 0.7% to trim its loss for the week to 4.1%. Most of the other members of the small group of stocks known as the “Magnificent Seven” also climbed to claw back some of their losses from earlier in the week.
They were under pressure after the latest profit reports from Tesla and Alphabet raised worries that investors had gotten carried away in their frenzy around artificial-intelligence technology and taken Magnificent Seven prices too high.