[Chart courtesy of MarketWatch.com] All focus was on Nvidia, with the tech darling dumping and pumping and having a volatile session. It vacillated sharply around its unchanged line and was in danger of scoring its first negative session since its blowout earnings. In the end, the stock closed higher by a scant +0.8%, but it hit a new record high. …
From Silicon To Oil: Diverse Gains As Nvidia Dominates And Commodities Climb
[Chart courtesy of MarketWatch.com] The Nasdaq powered to a new high today, and briefly crossed above its 17k milestone, thanks to Nvidia’s continued upward momentum. The tech-heavy index led the major indexes in a sluggish start to the last trading week of May. All three major indexes look to close out a strong month after having scored new all-times at various points, despite …
ETF Tracker Newsletter For May 24, 2024
ETF Tracker StatSheet You can view the latest version here. NASDAQ LEADS MARKET REBOUND AS TECH STOCKS RALLY DESPITE RATE CUT HOPES DIMMING [Chart courtesy of MarketWatch.com] The major indexes inched higher trying to recover from yesterday’s drubbing, the worst since March 2023. The Nasdaq led the rebound, and the Dow lagged. Despite hopes being dashed that the Fed …
Market Paradox: Nvidia Shines, Dow Dives Amid Stagflation Concerns
[Chart courtesy of MarketWatch.com] The Nasdaq jumped to a new record early on, as traders dug into the latest quarterly results from tech darling Nvidia, which smashed expectations, as its momentum does not seem to slow. Consequently, the stock surged over 10% sending it shares above $1,000. AI is the latest theme, and companies are spending on this technology with Nvidia supplying the …
Nvidia’s Moment Of Truth: Can AI Earnings Offset Fed’s Inflation Alarm?
[Chart courtesy of MarketWatch.com] Stocks traded near the flatline for most of the day, as investors looked ahead to the widely anticipated release of Nvidia’s latest earnings report due out after the close. However, the released minutes from the May Fed meeting proved to be more than traders were able to handle. They not only admitted a lack of progress in recent …
Traders Brace For Nvidia Earnings: Rally Or Sell-Off?
[Chart courtesy of MarketWatch.com] The major indexes hugged their unchanged lines today, hanging on to the record levels seen in the previous session, as traders eagerly looked toward Nvidia’s earnings report tomorrow. However, a last hour lift insured a green close. There are two ways to view this important earnings announcement. On one hand, traders are heavily invested in the stock, …