Investor's attention turns to Nvidia's earnings today, a report that could spark major market moves.
Plus,
a bill to release files related to Jeffrey Epstein heads to President Trump's desk for signature.
And we take a look at the Sotheby's auction that has the modern art world buzzing.
A Gustav Klimt painting just made auction history, selling for $236.4 million.
It's Wednesday, November 19th.
I'm Caitlin McCabe for The Wall Street Journal, and here's the AM edition of What's News,
the top headlines and business stories moving your world today.
Global stock indexes are edging lower this morning, building on a continued sell-off in the U.S.
Yesterday's downturn marked the fourth straight loss for the S&P 500 and the Dow Jones industrial average.
With the Dow falling 4.5 percent over that period,
it's steepest four-day pullback from a record close since 1999.
Today, attention is turning to NVIDIA, which reports earnings after markets close.
Journal reporter Hannah Erin Lange says the financial results of the world's most valuable public company have more or less become a macroeconomic event in and of themselves.
Nvidia is one of the only companies where you see investors throwing watch parties or making tons of memes.
There's just a huge amount of focus on this particular company and what its profits mean for the artificial intelligence trade as a whole.
That's a sentiment echoed by the co-host of WSJ's Take on the Week podcast, Telestemos.
We have Nvidia earnings, which are in effect, not just to talk about Nvidia's numbers,
but to talk about what's going on with the AI economy.
And interestingly,