From NASDAQ.:

This week, the stock market saw a tug in investor sentiment with Nvidia’s shares falling 3% on Friday after a strong rally, causing major indexes to retreat. The Dow Jones lost 0.18%, the S&P 500 fell 0.65%, and the Nasdaq dropped 1.16% due to uncertainty over a potential interest rate cut by the Federal Reserve.

The U.S. economy added 275,000 jobs in February, surpassing expectations of 198,000. Despite the positive job growth, the unemployment rate rose to 3.9%, the highest since January 2022. This data, combined with lighter wage growth, may prompt the Fed to consider cutting interest rates to support economic growth.

Oracle is set to report earnings on Mar. 11, with Wall Street expecting earnings of $1.38 per share on $13.31 billion in revenue. Despite relative underperformance in the stock, Oracle’s strategic shift to the cloud and partnerships with Microsoft and Nvidia highlight its competitive commitment to AI, though investors will be looking for a beat on earnings and guidance.

Adobe will report earnings on Mar. 14, with expectations of $4.38 per share on $5.14 billion in revenue. Despite record-breaking revenue in the previous quarter, Adobe’s stock has fallen 10% in the past month. Investors will monitor growth in Digital Media revenue and the integration of AI in product offerings to gauge the company’s long-term success.



Read more at NASDAQ.:: Weekly Preview: Earnings to Watch This Week 3-10-24 (ADBE, ORCL)