[Chart courtesy of MarketWatch.com] Moving the markets The market was eagerly waiting for Nvidia’s earnings report, which is due out later today. The chipmaker was expected to post impressive growth in both profit and revenue, thanks to its dominance in the artificial intelligence (AI) sector. The bulls were optimistic and pushed the major indexes higher, while the bears took a …
Bank Downgrade Dampens Market Mood
[Chart courtesy of MarketWatch.com] Moving the markets The stock market lost steam on Tuesday as a downgrade of several U.S. banks weighed on the financial sector and overshadowed the gains in tech stocks. S&P Global lowered its credit ratings and outlook for some regional and large banks, citing “tough” operating conditions. The financial sector was the worst performer of the …
Tech Stocks Bounce Back As Nvidia Shines, But Bond Yields Threaten To Spoil The Party
[Chart courtesy of MarketWatch.com] Moving the markets The tech sector finally got some relief, as the Nasdaq snapped a five-day losing streak and outperformed the other major indices. The S&P 500 also ended in the green, but the Dow barely budged. The star of the show was Nvidia, which soared 8% ahead of its earnings report on Wednesday. The chipmaker …
ETF Tracker Newsletter For August 18, 2023
ETF Tracker StatSheet You can view the latest version here. THE FED VS NVIDIA: WHO WILL WIN THE MARKET BATTLE? [Chart courtesy of MarketWatch.com] Moving the markets It was a boring day on Wall Street, as the major indexes barely moved from their opening levels. They started the day in the red, but slowly crawled out of their holes …
Market In Turmoil: Stocks And Bonds Fall Together As Traders Lose Hope In Fed
[Chart courtesy of MarketWatch.com] Moving the markets The Fed’s July meeting minutes have caused quite a stir in the market today. Traders are struggling to swallow the bitter pill of rising rates, along with a mixed bag of earnings and economic data. The 10-year bond yield jumped to its highest level since last October, and rates across the board (including …
Fed Minutes Crush Traders’ Hopes Of Rate Pause
[Chart courtesy of MarketWatch.com] Moving the markets The Fed’s July meeting summary was a wake-up call for those traders who were dreaming of a pause in the rate hikes. The summary was as blunt as a hammer: Inflation is way too high, the labor market is too tight, and we see more risks of inflation going up, so we might …