[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 …
ETF Tracker Newsletter For March 15, 2024
ETF Tracker StatSheet You can view the latest version here. INDEXES RETREAT, BOND YIELDS RISE AS INVESTORS EYE FED MEETING [Chart courtesy of MarketWatch.com] This week, the major indexes experienced fluctuations due to options expirations volatility, ultimately closing lower. Technology stocks felt the pressure as inflation concerns persisted, particularly in anticipation of the Federal Reserve’s policy meeting next week. …
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, …
Fed’s Rate Cut Plans: On Thin Ice After Inflation’s Spicy Surprise?
[Chart courtesy of MarketWatch.com] On a day when the inflation report played nice and mostly met the expectations for February, the stock market decided to throw a little party of its own. The consumer price index, which is like the economy’s thermometer, rose by 0.4% last month, hitting a 3.2% year-over-year fever. The economists’ crystal balls predicted this well, except …