[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 …
ETF Tracker Newsletter For February 23, 2024
ETF Tracker StatSheet You can view the latest version here. NVIDIA LEADS THE TECH RALLY, BUT WILL IT FOLLOW CISCO’S DOWNFALL? [Chart courtesy of MarketWatch.com] Stocks ended the week with a bang, thanks to Nvidia’s stellar earnings, that pushed its market value above $2 trillion. The chipmaker is now the third most valuable U.S. company, trailing only Microsoft and …
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 …
Hot Inflation Report Burns Stocks, No Rate Cuts Soon
[Chart courtesy of MarketWatch.com] Stocks took a hit on Friday, as another spicy inflation report raised doubts about the timing of Fed rate cuts this year. The PPI for January, which tracks wholesale inflation, rose 0.3%, beating the expected 0.1% increase. Without food and energy, the core-PPI jumped 0.5%, much higher than the forecasted 0.1% rise. The 10-year Treasury yield …