"The market is looking for guidance and leadership, " he added.

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In earnings news, Nvidia (NVDA) is off pre-market after the company issued guidance below Street expectations.

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If the guidance is cautionary, it will rock the post-market trading session, which could spill into Friday's regular trading session.

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Firing first and aiming later gets you to market fast, which is critical for small businesses especially if your first guidance was close to the mark.

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