Meme mania has returned to the stock market with a vengeance.
Nvidia warns on second-quarter revenue, shares dip
Nvidia shares dipped 8% on Monday morning after the company released preliminary earnings that show second-quarter revenue of $6.7 billion, well below its initial outlook of $8.1 billion.
Consumers expect inflation to slow down, a big win for the Fed
The consumer outlook for inflation decreased significantly in July amid a sharp drop in gas prices and a growing belief that the rapid surges in food and housing also would ebb in the future.