The Dow Jones Industrial Average and the Nasdaq headed in different directions at the close Wednesday after the Federal Reserve released minutes of its December meeting. Artificial intelligence giant Nvidia tested a key level in the wake of a huge drop.
Stocks are set to extend their biggest gain since the November election with jobs and retails sales data in focus.
Nvidia still has the stock-boosting power, but its strength may be waning as some investors wonder how long it will last.
Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia ... after the Federal Reserve back rate-cut ...
Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
The buck's latest surge comes as rising Treasury yields attract funds, and so-called 'U.S. exceptionalism' - a strong economy containing many of the world's biggest and most successful companies - encourages global investors to buy American assets.
Wall St rallies as Intel, Nvidia, and SLB lead gains. Banks surge 6%, while Truist climbs on strong profits. Investors eye Trump’s policy outlook.
Bull markets often carry with them great expectations about future growth. Sometimes those expectations by the investing masses are too lofty given fresh incoming realities. I fancy that is the case today as we get ready to enter a firehose of news over the next month that could inject renewed volatility into markets.
Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.
Stocks and bonds declined in response to much better-than-expected job growth. This week's CPI report could further pressure yields.
Indeed Trump has already claimed an investment win, announcing earlier this month that UAE property firm Damac is to invest billions of dollars into developing data centers in the US. Damac says it intends to construct 2GW of data center capacity over the next four years.