Nvidia, Microsoft, Dollar Tree and more By Investing.com

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<p>Investing.com — U.S. stocks were falling as Federal Reserve officials meet in Jackson Hole, Wyo., for their annual conference, with investors hoping for clues about the central bank’s next move on interest rates.</p>
<p>Here are some of the biggest U.S. stock movers today:</p>
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<p><strong>Nvidia</strong> (NASDAQ:) stock rose 2.9% after the world’s most valuable chip maker posted stellar quarterly earnings, with revenues crushing lofty expectations, boosted by the frenzy over generative artificial intelligence.</p>
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<p><strong>Microsoft</strong> (NASDAQ:) stock fell 1.5% and Google-owner <strong>Alphabet</strong> (NASDAQ:) stock fell 1.3% after the strong Nvidia earnings as both companies have been rushing to incorporate generative AI into their web search platforms.</p>
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<li><strong>Dollar Tree</strong> (NASDAQ:) stock fell 11.7% after the discount retailer forecast annual profit below expectations as it expects a hit from a shift in spending towards lower-margin consumables.</li>
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<p><strong>Boeing</strong> (NYSE:) stock fell 3.8% after the planemaker warned of delays in near-term deliveries of 737 MAX jets due to a fresh quality issue involving its biggest supplier <strong>Spirit AeroSystems</strong> (NYSE:), down 12%.</p>
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<p><strong>Splunk</strong> (NASDAQ:) stock rose 13% after the data analytics software maker forecast third-quarter revenue above market estimates on expectations of AI-related spending.</p>
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<p><strong>Petco Health and Wellness Company</strong> (NASDAQ:) stock fell 20% after the pet supply retailer swings to a quarterly loss and cuts its annual guidance.</p>
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<li><strong>Kenvue</strong> (NYSE:) stock dipped 0.8% after Goldman Sachs upgraded its stance on the consumer health company to ‘Buy’ from ‘Neutral’, saying it could rally more than 20%.</li>
<li><strong>United States Steel</strong> (NYSE:) stock fell 2.9%, extending losses from the previous session that were sparked by a decision by Esmark to scrap its pursuit of a takeover of the alloy producer.</li>
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<p>— <em>Peter Nurse contributed to this report</em></p>
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