Asia markets poised to fall ahead of Powell's Friday Jackson Hole speech

shares are adding to their show-stopping year and on pace for their third best yearly performance on record.

Shares were last up about 1%, giving up some earlier gains. Even so, the stock's up more than 226% in 2023. If Nvidia finishes at these levels, the semiconductor company would cap off its best year on record since 2001, when shares surged more than 308%. Nvidia snagged its second best year in 1999, when the chipmaker went public and rallied more than 291%.Initial jobless claims last week fell more than expected, theFirst-time filings for unemployment benefits totaled 230,000 for the period ended Aug. 19, a decrease of 10,000 from the previous week and less than the Dow Jones estimate for 240,000.

Continuing claims, data for which runs a week behind, totaled 1.702 million, a slight decrease but a bit higher than the FactSet estimate for 1.69 million.

Source: Financial Digest (financialdigest.net)

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