Investors will monitor earnings from PepsiCo and Nvidia as well as jobless claims and inflation data.
climbed more than 6% this year, boosted by a 15% jump in Nvidia shares.
Wall Street's forecast for Nvidia's fourth-quarter EPS is $1.67, according to FactSet, an increase from EPS of 92 cents in the same quarter a year prior.of $301 earlier this week. "We raise our estimates on NVDA as we think the [January quarter] will come in a bit ahead of the high-end of guide due to better than expected gaming and data center demand," RBC Capital Markets analyst Mitch Steves said in a note.Investors will also monitor a duo of important economic indicators on Thursday.
Firstly, the Labor Department will release the latest jobless claims number for the week ending Feb.8. The consensus is that 210,000 Americans filed for unemployment benefits during the period, according to Dow Jones estimates, after the number
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