US indices saw a rise on Tuesday morning following a three-day sell-off led by Nvidia, a top semiconductor company. The company lost $430 billion in market value within three days after briefly becoming the world’s largest company. Analysts believe the drop was due to profit-taking by investors rather than any fundamental issues with the company. … Read more
Nvidia, a leading technology company, has been experiencing a significant rally in its stock returns, marking a trend that has not been seen in the past three years. The company’s stock performance has been on the rise, indicating potential growth and positive momentum in the market. This rally has caught the attention of investors and … Read more
Nvidia’s stock has surged today despite recent declines, with shares up nearly 7% and erasing yesterday’s losses. The company is now valued at $6 billion, a significant increase that is impacting the overall tech sector and boosting the Nasdaq by 1.3%. Investors are closely watching Nvidia’s growth projections, with estimates showing revenues could reach $120 … Read more
Nvidia’s rally lifts Wall Street with the S&P 500 approaching record levels and the Nasdaq Composite seeing gains for the first time in four days. The Dow Jones Industrial Average, which doesn’t include Nvidia, fell. Despite this, the overall strength in the market was notable. Nvidia’s strong performance reflected its significance in the tech industry … Read more
The Conference Board reported that consumer confidence in June peaked just above expectations at 100.4, with a slight decrease from May’s figure of 101.3. Nuveen CIO Saira Malik discussed the current state of the economy and the potential for a recession in the US. She also explored the impact of the upcoming debate between President … Read more
U.S. stock futures were largely steady on Tuesday as Nvidia considered a comeback following a three-day decline, with investors adjusting portfolios for the end of the quarter. Nasdaq 100 futures rose 0.5% while S&P 500 futures were up 0.2%. Dow Jones Industrial Average Futures fell 0.1% after a strong start to the week. Investors are … Read more
Stocks rose on Friday, led by Nvidia Corp., despite an earlier decline, as the market faces the expiration of a significant number of options contracts. This phenomenon, known as “triple witching,” involves the expiration of derivatives linked to stocks, index options, and futures, resulting in potential price swings. Approximately $5.5 trillion in contracts are set … Read more
Financial markets and the US dollar are holding steady following the release of US CPI data, which showed a decrease in inflation to a three-year low of 3.6%. This drop in inflation has raised expectations for a potential interest rate cut by the Federal Reserve. However, since the initial positive reaction to the CPI data, … Read more