U.S. stocks moved higher on Wednesday helped by gains in energy shares, with the CNN Money Fear and Greed index remaining in the "neutral" zone on Thursday.
Investor are now awaiting the Jackson Hole symposium starting today, with Fed Chair Jerome Powell scheduled to speak on Friday.
NVIDIA Corporation (NASDAQ: NVDA) was trading slightly higher Wednesday as the company heads into its second-quarter 2023 earnings print after the close.
Alibaba Group Holdings, Ltd (NYSE: BABA) opened lower on Wednesday but surged over 7% off the open at one point intraday to trade up about 3.8% off Tuesday's closing price.
As the communication services sector has been lagging behind the S&P 500 since October 2021, it makes for an interesting case to find undervalued stocks that have been beaten up by the volatile market in this sector. Here is one dividend stock in the communications sector that is down 1.91% over the past twelve months.
Exxon Mobil Corporation (NYSE: XOM) was trading flat on Wednesday after a big bullish day on Tuesday saw the stock gap up 1.53% and rally an additional 2.56% intraday.