Wall St trades mixed on Fed tightening fears, Nvidia weighs



* U.S. Senate approves bill on climate change, drug costs

* Nvidia slides as slump in gaming demand hits Q2 revenue

* Tyson Foods down on quarterly profit miss

* Palantir drops on forecast cut

* Indexes mixed: Dow up 0.14%; S&P, Nasdaq slip

By Herbert Lash and Bansari Mayur Kamdar

Aug 8 (Reuters) - U.S. stock indexes were mixed on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia was another reminder of a slowing U.S. economy.

Stocks edged off the day's highs as last week's blowout labor market report was initially seen as a sign the economy could withstand aggressive interest rate hikes by the Fed to tame inflation running at four-decade highs.

Investors now await consumer price data for July to be released on Wednesday to gauge whether the Fed might ease a bit in its inflation fight and provide a path for the economy to grow.

"The CPI data will help to confirm if the Fed's tightening efforts have been successful in starting to tame inflation or if continued Fed tightening is needed," said Robert Schein, chief investment officer at Blanke Schein Wealth Management.

The Dow Jones Industrial Average .DJI rose 45.37 points, or 0.14%, to 32,848.84, the S&P 500 .SPX lost 5.55 points, or 0.13%, to 4,139.64 and the Nasdaq Composite .IXIC dropped 24.65 points, or 0.19%, to 12,632.90.

The S&P 500 has bounced back 14% from mid-June lows, but signs of persistent inflation could further bolster the Fed's case for aggressive monetary policy tightening.

Anthony Saglimbene, chief market strategist at Ameriprise in Troy, Michigan, said the market will pull back at some point as traders test the recent rebound.

"If we can hold those mid-June levels, it would be another sign that maybe this is more than just a bear market rally and the market is actually trying to recover and anticipate a better environment ahead," Saglimbene said.

"Maybe we can get a little bit higher by year end, but that's if everything lines up perfectly," he said. "We're fairly valued right now based on the cross currents in the market."

U.S. rate futures have priced in a 65.5% chance of a 75-basis-point hike at the Fed's next meeting in September, up from about 41% before the labor market data beat market expectations.

The information technology sector .SPLRCT fell 0.9% after chipmaker Nvidia Corp NVDA.O slid 8.0% as the company said it expects second-quarter revenue to decline 19% from the prior quarter to about $6.7 billion due to weakness in gaming.

The Philadelphia SE Semiconductor index .SOX declined 2.3%.

The tech-heavy Nasdaq .IXIC edged lower in choppy trading after rising as much as 1.6% in early trading.

Offsetting losses on the Nasdaq, megacap Tesla TSLA.O rose 2.0% as the U.S. electric-car maker signed contracts worth about $5 billion to buy battery materials from nickel processing companies in Indonesia, according to a CNBC report.

Shares of U.S. automakers jumped after the U.S. Senate on Sunday passed a $430 billion bill to fight climate change that created a $4,000 tax credit for used electric vehicles and provides billions in funding for their production.

Rivian Automotive Inc RIVN.O rose 5.75%, Ford Motor Co F.N gained 4.38%, General Motors Co GM.N added 5.21% and Lordstown Motors Corp RIDE.O advanced 5.56%.

Signify Health Inc SGFY.K jumped 12.5% on a media report that CVS Health Corp CVS.N was looking to buy the health technology company.

Palantir Technologies Inc PLTR.N dropped 12.5% after the data analytics software company lowered its annual revenue forecast as the timing of some large government contracts remained uncertain.

Tyson Foods Inc TSN.N fell 7.9% after missing quarterly profit expectations.

Advancing issues outnumbered declining ones on the NYSE by a 2.57-to-1 ratio; on Nasdaq, a 1.56-to-1 ratio favored advancers.

The S&P 500 posted eight new 52-week highs and 29 new lows; the Nasdaq Composite recorded 92 new highs and 22 new lows.
Reporting by Bansari Mayur Kamdar and Aniruddha Ghosh in Bengaluru; Editing by Shounak Dasgupta and Cynthia Osterman

면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.

온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.

이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.

우리는 웹사이트에서 최고의 경험을 전해드리기 위해 쿠키를 사용하고 있습니다. 자세히 읽거나 쿠키 설정을 변경하세요.

리스크 경고: 고객님의 자본이 위험에 노출 될 수 있습니다. 레버리지 상품은 모든 분들에게 적합하지 않을수 있습니다. 당사의 리스크 공시를 참고하시기 바랍니다.