Nvidia earnings, Fedspeak, mortgage data: What to Watch
Yahoo Finance Live anchors Josh Lipton and Julie Hyman preview the top headlines and economic data investors should pay attention to for Wednesday, February 21, including earnings out from Nvidia (NVDA) and Rivian (RIVN), commentary from Federal Reserve officials and minutes from the FOMC's January meeting, and mortgage application data.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JOSH LIPTON: And now time for to watch Wednesday, February 21, starting off on the earnings front. Nvidia, Synopsys, Rivian, Fidelity, and Etsy, all reporting tomorrow. Everyone will keep a close watch on Nvidia earnings after the close, of course, the last of the Magnificent Seven to report this earnings season. Stock falling in today's trade but still up 40% already this year.
JULIE HYMAN: And looking at the Fed, we'll have more commentary from Fed officials as well as minutes from the January FOMC meeting tomorrow. This comes after comments Friday from San Francisco Fed President Mary Daly, saying that three rate cuts in 2024 is a, quote, "reasonable baseline."
JOSH LIPTON: And moving over to housing. New mortgage application data from the Mortgage Bankers Association, that will get released in the morning. This coming after a lackluster earnings report from Home Depot earlier today and mortgage demand sliding last week, giving us more insight on the housing market that remains tough for homebuyers.
