Stock Market Winners & Losers: Stocks Awaits Nvidia Earnings this Afternoon | Home Sales Slip Unexpectedly in April | Amazon’s Alexa to Get AI Overhaul & Subscription
Stocks hovered near record highs as investors awaited Nvidia's pivotal earnings report, which could significantly impact tech stocks. The market's recent all-time highs are under scrutiny, with additional insights expected from the Federal Reserve's latest meeting minutes. Target's disappointing results highlighted consumer caution amid inflation. Home sales fell 1.9% in April, both month-over-month and year-over-year, but housing inventory saw a 9% monthly and 16% annual increase. The median home price hit a record $407,600, with 27% selling above list price. Amazon announced an AI overhaul and a new subscription model for Alexa, aiming to compete with advanced AI-powered chatbots like OpenAI's GPT-4, which offers real-time language translation and more sophisticated interactions.
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