Dow, S&P 500 and Nasdaq to Slip, Pressuring Zscaler After Nvidia’s Muted Results
ZSZS•
Major indices are set to decline after a two-day rally, with the Dow, S&P 500 and Nasdaq expected to slip. Software stocks like Zscaler are under pressure following a muted market reaction to Nvidia’s quarterly results.
1. Market Pressure on Zscaler
Following Nvidia’s quarterly report, major indices are expected to pull back, reversing gains from the prior two-day rally. Software names such as Zscaler are under selling pressure as investors weigh the sector’s growth prospects in light of the subdued response to chipmaker results.
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Sources
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