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Nvidia Sparked Tech Rally Failed to Expand to Broader Market

May 23, 2024
Alexander Garcia
The U.S. market rally failed to broaden beyond tech stocks after Nvidia delivered knockout results, raised its current quarter sales outlook, and announced a stock split. European markets traded in a tight range, and private sector activities accelerated. China indexes declined for the second day in a row. 

Nvidia's Strong Earnings Pushes S&P 500 and Nasdaq Into Record Territory

May 23, 2024
Barry Adams
Market indexes on Wall Street advanced after Nvidia's quarterly results exceeded expectations. Initial jobless claims edged lower from a 9-month high. 

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U.S. Stocks In Holding Pattern, Global Markets Turn Lower

May 22, 2024
Alexander Garcia
Nvidia is expected to report revenue growth of fourfold and earnings surges of fivefold in its April quarter as cloud data centers drive robust demand for its chips. 

Wall Street Indexes Trade Sideways, Target Drops 9% On Earnings Weakness

May 22, 2024
Barry Adams
The latest batch of quarterly earnings highlighted diverging consumer trends, with sales of luxury homes still advancing while consumers restricted discretionary item purchases. 

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World Markets In Holding Pattern Ahead of Nvidia Earnings

May 21, 2024
Alexander Garcia
U.S. benchmark indexes traded sideways as investors digested another batch of mixed earnings. European market indexes hovered near the flatline amid rate jitters. Li Auto reported a sharp decline in its quarterly earnings, dragging EV makers lower. 

U.S. Averages Hovered Near Record Highs; Retailers and Tech Stocks In Focus

May 21, 2024
Barry Adams
Retailers were in focus after the latest batch of mixed earnings confirmed consumers are still spending but limiting purchases to basic necessities. 

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Earnings and Optimism About AI Demand and Rate Cuts Drives Wall Street Indexes to New Highs

May 20, 2024
Alexander Garcia
U.S. major averages advanced to new record highs after positive sentiment prevailed on Wall Street, supported by quarterly corporate results, rate-cut expectations, and artificial intelligence applications-driven information infrastructure demand. 



S&P 500 and Nasdaq Trade at New Intraday Record Highs, Artificial Intelligence Stocks In Focus

May 20, 2024
Barry Adams
Benchmark indexes continued to advance in Monday's trading after rallying for four weeks in a row, and natural gas futures prices reached a new 2024 high. 

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S&P 500 and Nasdaq Extend Weekly Gains Amid Rate Path Uncertainty

May 17, 2024
Barry Adams
U.S. major averages lacked direction in Friday's trading, and benchmark indexes are set to extend weekly gains of 1% and close higher for the fourth week in a row. 

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Positive Mood Prevails as U.S. Indexes Scale Higher

May 16, 2024
Alexander Garcia
Benchmark indexes on Wall Street inched further into record territory on rate-cut optimism. European markets turned lower as investors reacted to a mixed batch of earnings. Japan's first GDP contracted more than expected as the country struggled to rebuild after a natural disaster.

Rate-cut Expectations Keep Wall Street Indexes Near Record Highs

May 16, 2024
Barry Adams
Market indexes on Wall Street traded around the flatline as investors debated two contradictory inflation reports released over two days. Building permits in April dropped to a four-month low.

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S&P 500 and Nasdaq Soar 1% After Consumer Price Inflation Eased

May 15, 2024
Alexander Garcia
The S&P 500 index and the Nasdaq Composite advanced 1% on the expectation that the slight easing in consumer price inflation is likely to give policymakers more flexibility in lowering interest rates. European markets closed at record highs. Earnings dominated trading in India, China, and Japan. 

U.S. Major Averages Hit New Intraday Records After Core Inflation Dropped to a 3-year Low

May 15, 2024
Barry Adams
Investors bid up stocks after consumer price inflation slowed in April and core inflation rose at the slowest pace since May 2021, supporting the case that the Fed's restrictive rates are slowing down the U.S. economy and inflation.

U.S. Indexes May Have to Adjust to the Growing Possibilities of Higher-for-Longer Inflation

May 14, 2024
Alexander Garcia
Investors have still not priced the likelihood of inflation staying at the current levels for longer, which could force policymakers to keep interest rates at elevated levels. European indexes hovered near record levels. The yen's weakness raises the prospect of competitive devaluation across Asia. 



Stocks and Treasury Yields Turned Volatile After Producer Price Inflation Rebounded

May 14, 2024
Barry Adams
Stocks traded around the flatline after producer price inflation rose at a faster-than-expected pace in April. The yield on 10-year Treasury notes edged slightly higher. Investors are looking forward to the consumer price inflation report on Wednesday.