Wednesday Watch: Awaiting Fed Minutes And Nvidia’s Earnings For Market Direction
Investors' focus on Fed minutes & Nvidia's earnings. Fed maintains rates & positive economy, while Nvidia's EPS & revenue expected to surge.
Wall Street Faces Selling Pressure, Nvidia Investors Pull Back Ahead Of Earnings, Fed Minutes: What’s Driving Markets Tuesday?
Wall Street opens weaker due to decline in tech stocks, Nasdaq falls by 1.5%. Investors await FOMC minutes and Nvidia earnings. Walmart and Discover Inc. report strong earnings, Expeditors Int'l and Westlake Chemical Partners LP experience declines.
Chinese Stocks Decline Despite Aggressive Banking Move To Revitalize Troubled Property Sector
Chinese stocks drop despite interest rate cut, as market remains pessimistic amid broader tech downturn and uncertain Fed policies.
Gold ETFs Suffer Outflows, Await Clues Concerning US Interest Rates
Gold ETFs have edged lower so far this year after gaining around 13% in 2024, based on the performance of the SPDR Gold Shares ETF.
IPO Revival In 2024: Plaid, Chime, And Kim Kardashian’s Skims Among Potential Market Movers
Market for IPOs expected to rebound in 2024 after inflation & interest rate rise hit new listings in 2022-23. 2023 saw 50% decrease in IPOs globally.
US Stocks Set For Weaker Open On Mixed Retail Earnings, But Analyst Shrugs Off Weakness As ‘Scary Moments’ In Great Years
The market is entering a typically soft period and inflation worries have weighed on sentiment this time around.
Larry Summers Says Next Fed Move Could Be Up Rather Than Down As Inflation Data Calls Into Question The ‘Soft-Landing Paradigm’
Larry Summers suggests that inflationary pressure has not been contained and there is a possibility that pricing pressure could remain above the Fed target.
Bitcoin Hits $1-Trillion Value, Nvidia Outweighs Google And Amazon, Hot Inflation Pauses Stock Gains: This Week In The Markets
Bitcoin (CRYPTO: BTC) surged past $50,000 this week, catapulting to a $1-trillion market valuation just a month after the Securities and Exchange Commission granted approval for the first spot Bitcoin exchange-traded fund.
S&P 500, Nasdaq 100 Snap 5-Week Streak As Hot Inflation Prints Dent Tech Stocks
S&P 500 and Nasdaq 100 ended 5-week winning streak due to higher than expected inflation reports, raising concerns about Fed rate cuts. Treasury yields rose, impacting markets negatively. Tech, consumer discretionary, and real estate sectors were affected. Major indices and ETFs saw mixed performance this week, with energy and materials sectors performing the best while technology sector saw a decline.
Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What’s Driving Markets Friday?
Wall Street takes pause after stronger-than-expected producer inflation report, potentially delaying Fed rate cuts and impacting major indices and stocks.