Corporations are offering gloomier outlooks in the face of geopolitical uncertainty and the Fed's rate hikes.
What happened Shares of Nvidia (NASDAQ: NVDA) were up 3.5% today as of 11:15 a.m. ET. That now marks a more than 10% rebound in the last five trading days as investors weigh data from the company's recent earnings report and financial guidance for the second quarter -- which is calling for "only" 24% year-over-year sales growth at the midpoint of expectations.
Thursday's bullish jolt has some people thinking the pullback is over, but that viewpoint oversimplifies the matter.