[Chart courtesy of MarketWatch.com] The S&P 500 took a small step back from its record high on Friday, as investors waited for the latest inflation data. Amazon replaced Walgreens in the Dow, boosting the index’s tech and retail exposure. The Dow is based on stock prices, not market values, so Amazon’s hefty share price will have a big impact. Treasury …
Nvidia’s Earnings Blowout Lifts Tech And Market To New Highs
[Chart courtesy of MarketWatch.com] Nvidia, the king of chips, smashed earnings expectations and sent its stock soaring to new heights. The tech giant reported a staggering 265% increase in revenue from a year ago, thanks to its thriving artificial intelligence business. It also predicted another strong quarter ahead, despite already high expectations. The news lifted the whole tech sector, as …
Nvidia’s Earnings: The Make-Or-Break Moment For The Stock Market
[Chart courtesy of MarketWatch.com] The stock market was in a slump for the third consecutive day on Wednesday, as investors awaited Nvidia’s earnings report after the market closed. Nvidia, the leading chipmaker, had seen its stock price skyrocket by 230% in the past year, but some analysts worried that it was overvalued. The stock dropped 2% on Wednesday. The market …
Nvidia Weighs On Us Stocks As Investors Fret Over Valuation And Fed Outlook
[Chart courtesy of MarketWatch.com] Today was a bad day for the US stock market, especially for the smaller companies. Nvidia dragged down the tech sector as investors worried about its high price before its earnings report tomorrow. Even the big names like Amazon, Microsoft, and Meta couldn’t escape the sell-off and lost more than 1% each. The financial sector had …
Love Is Back In The Air: Markets Bounce Back From Inflation Scare
[Chart courtesy of MarketWatch.com] The markets rebounded today after a Pre-Valentine’s Day massacre yesterday. Traders were feeling the love again as they shrugged off a higher-than-expected inflation report that spooked them on Tuesday. They worried that the Fed might not lower interest rates soon enough to keep the economy humming. The market had been overheated for a while, but it’s …
Inflation Fears Spook The Market, Small Caps Crash
[Chart courtesy of MarketWatch.com] The market had a bad day on Tuesday, thanks to the inflation report for January that showed consumer prices rising more than expected. This sent bond yields soaring and made traders doubt that the Fed could lower interest rates as much as they hoped, which was a big reason why stocks were doing so well. Small …