[Chart courtesy of MarketWatch.com] Today, the stock market saw a significant uptrend, with technology shares outshining the rest. This surge builds upon the previous session’s momentum that set new records on Wall Street. Leading the charge, mega-cap technology companies like Meta Platforms, Microsoft, and Amazon each saw gains of at least 1%. In contrast, Apple experienced a 3% decline amid …
Powell’s Puzzle: Market Rallies Amid Rate-Cut Tease And Dollar’s Dive
[Chart courtesy of MarketWatch.com] In today’s financial frolics, stocks took a joyride upwards after the Federal Reserve played it cool, keeping rates parked at a sky-high 23-year peak. Despite this, they’re eyeing a trio of rate cuts by the end of 2024’s calendar pages. The big three indexes didn’t just climb; they set new altitude records, while Small Caps had …
AI Innovations And Interest Rate Intrigue: Market’s Moment Of Truth?
[Chart courtesy of MarketWatch.com] The S&P 500 ticked upwards today, catching a lift from Nvidia’s big reveal at their AI conference. Wall Street’s attention, however, was split as eyes turned to the Federal Reserve’s two-day policy pow-wow. Nvidia, the tech world’s darling, nudged up 1% as investors chewed over the news from its GTC Conference. CEO Jensen Huang showcased the …
Tech Stocks Get Their Groove Back: Nvidia And Alphabet Dance To The Tune Of AI And Fed Anticipation
[Chart courtesy of MarketWatch.com] On a manic Monday, the stock market got a jolt of energy, with Nvidia leading the charge like a caffeinated squirrel. As Wall Street’s eyes are glued to an upcoming AI extravaganza and the Fed’s crystal ball for future money moves, Nvidia’s shares did a little happy dance, jumping over 4% in anticipation of their GTC …
Inflation’s Surprise Jump: A Wake-Up Call For The Fed And Markets?
[Chart courtesy of MarketWatch.com] In the financial theater today, the S&P 500 experienced a slight setback after inflation data came in warmer than anticipated, propelling Treasury yields upward. Nvidia’s shares, on the other hand, were less fortunate, facing downward pressure. The Producer Price Index (PPI) for February, which tracks wholesale inflation, rose by 0.6% last month, surpassing the expectations of …
Gold Glitters And Bitcoin Booms As Stocks Show Mid-Week Modesty
[Chart courtesy of MarketWatch.com] The S&P 500 took a breather Wednesday, retreating from its recent peak, as Nvidia’s sizzling start to 2024 finally saw a chill. The trading floor was still buzzing from Tuesday’s gains, where the S&P 500 and Nasdaq jumped over 1% after inflation reports aligned with the crystal ball predictions. Core inflation, minus the munchies and gas, …