Looking at midday trading, Nvidia rose 1.8% ahead its earnings report later in the day. Investors have high hopes after the chipmaker indicated strong performance in the previous period, rising a total of 220% this year due to the AI revolution. However, fellow stocks Peloton, Foot Locker, and Dick's Sporting Goods are falling due to disappointing earnings or outlooks, with the latter experiencing its worst day ever on Tuesday. Meanwhile, Abercrombie & Fitch and Apellis Pharmaceuticals have seen gains from better-than-expected figures, and the latter also confirming that a side effect of one of its drugs is not due to a needle used for the drug. On the other hand, Nike's stock has dropped for 10 consecutive days, while Urban Outfitters, La-Z-Boy, Charles Schwab, Netflix, Brown-Forman, Meta, Avery Dennison, Louisiana-Pacific, Safehold, Marvell Technology, and Advance Auto Parts have each been affected to varying degrees.
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