Nvidia earnings in focus as rising US yields, debt rattle markets

News Snapshot:

An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia (NVDA-Q) takes center stage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury yields. U.S. equities have pulled back this week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the U.S. government’s $36 trillion in debt. Long-dated U.S. Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5% and hitting its highest level since late 2023. Focus will shift to Wednesday’s quarterly results from Nvidia,...