ColumnsWall Street Today | Market More Optimistic After St. Patties Weekend
RECAP
U.S. stocks climbed Monday as investors balanced optimism over artificial intelligence with concern over monetary policy as investors await the outcome of a Federal Reserve policy meeting later this week. Investors also looked forward to $NVIDIA(NVDA.US$'s GTC computing industry conference, where CEO Jensen Huang announced a brand-new large GPU chip for AI processing shortly after 4 PM EST.
The $Nasdaq Composite Index(.IXIC.US$ led the w...
U.S. stocks climbed Monday as investors balanced optimism over artificial intelligence with concern over monetary policy as investors await the outcome of a Federal Reserve policy meeting later this week. Investors also looked forward to $NVIDIA(NVDA.US$'s GTC computing industry conference, where CEO Jensen Huang announced a brand-new large GPU chip for AI processing shortly after 4 PM EST.
The $Nasdaq Composite Index(.IXIC.US$ led the w...
30
3
ColumnsWall Street Today | Nvidia Fails to Keep Stock Market From Slipping
RECAP
Weighed Down by Tech
Stocks fell Friday, wiping out the weekly gains, weighed down by a sell-off in tech stocks that just recently propelled the major equity indexes to records. The bulls are retreating ahead of the US Federal Reserve meeting where policy makers are expected to release their latest projections on the path of interest rates.
The tech-heavy $Nasdaq Composite Index(.IXIC.US$ sustained the biggest blow, declin...
Weighed Down by Tech
Stocks fell Friday, wiping out the weekly gains, weighed down by a sell-off in tech stocks that just recently propelled the major equity indexes to records. The bulls are retreating ahead of the US Federal Reserve meeting where policy makers are expected to release their latest projections on the path of interest rates.
The tech-heavy $Nasdaq Composite Index(.IXIC.US$ sustained the biggest blow, declin...
30
ColumnsWall Street Today | Indexes Retreat as Investors Digest Mon. and Tues. Inflation Data
RECAP
Treasury yields jumped on Thursday, and indexes fell after data showed a bigger-than-expected jump in producer prices during February, keeping inflation worries alive. The market reversed from larger declines shortly before closing.
With the preliminary closing numbers, the $S&P 500 Index(.SPX.US$ fell 0.29%, the $Dow Jones Industrial Average(.DJI.US$ fell 0.35%, the $Nasdaq Composite Index(.IXIC.US$...
Treasury yields jumped on Thursday, and indexes fell after data showed a bigger-than-expected jump in producer prices during February, keeping inflation worries alive. The market reversed from larger declines shortly before closing.
With the preliminary closing numbers, the $S&P 500 Index(.SPX.US$ fell 0.29%, the $Dow Jones Industrial Average(.DJI.US$ fell 0.35%, the $Nasdaq Composite Index(.IXIC.US$...
26
1
ColumnsWall Steet today | Inflation is Trending Toward Targets, but How Long Will it Take?
RECAP
U.S. stocks ended mixed on Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains from the previous session that propelled the $S&P 500 Index(.SPX.US$ to its 17th record high of the year.
The $Dow Jones Industrial Average(.DJI.US$ was up 0.10%. The S&P 500 toggled between slight gains and losses to trade at 5,165. The $Nasdaq Composite Index(.IXIC.US$ fell 48 p...
U.S. stocks ended mixed on Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains from the previous session that propelled the $S&P 500 Index(.SPX.US$ to its 17th record high of the year.
The $Dow Jones Industrial Average(.DJI.US$ was up 0.10%. The S&P 500 toggled between slight gains and losses to trade at 5,165. The $Nasdaq Composite Index(.IXIC.US$ fell 48 p...
16
4
ColumnsInflation is Trending Toward Targets, but How Long Will it Take? | Wall Street Today
RECAP
U.S. stocks ended mixed on Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains from the previous session that propelled the $S&P 500 Index(.SPX.US$ to its 17th record high of the year.
The $Dow Jones Industrial Average(.DJI.US$ was up 0.10%. The S&P 500 toggled between slight gains and losses to trade at 5,165. The $Nasdaq Composite Index(.IXIC.US$ fell 48 p...
U.S. stocks ended mixed on Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains from the previous session that propelled the $S&P 500 Index(.SPX.US$ to its 17th record high of the year.
The $Dow Jones Industrial Average(.DJI.US$ was up 0.10%. The S&P 500 toggled between slight gains and losses to trade at 5,165. The $Nasdaq Composite Index(.IXIC.US$ fell 48 p...
50
9
ColumnsWall Street Today | All That Glitters Is Gold Or Oracles AI Cloud Sevices
RECAP
U.S. stocks traded mostly lower Monday, extending last week's pullback from record levels. Investors awaited key inflation readings due this week that may help decide the timing of the Federal Reserve's rate cuts.
The$Dow Jones Industrial Average(.DJI.US$ edged up 47 points, or less than 0.12%. The $S&P 500 Index(.SPX.US$ was down 5 points, or 0.11%%. The $Nasdaq Composite Index(.IXIC.US$ declined 65 points 0.41%,...
U.S. stocks traded mostly lower Monday, extending last week's pullback from record levels. Investors awaited key inflation readings due this week that may help decide the timing of the Federal Reserve's rate cuts.
The$Dow Jones Industrial Average(.DJI.US$ edged up 47 points, or less than 0.12%. The $S&P 500 Index(.SPX.US$ was down 5 points, or 0.11%%. The $Nasdaq Composite Index(.IXIC.US$ declined 65 points 0.41%,...
27
ColumnsWall Street Today | Nvidia Shares Pull Back, Dragging Stock Market Lower
RECAP
After carrying the entire US stock market on its back, pushing major indices to record highs, $NVIDIA(NVDA.US$ shares took a breather.
The stock market rally paused as investors debate whether shares have climbed too far too fast and are now at frothy levels. Another point of contention was whether the recent uptick in unemployment in February could be a signal the labor market is now cooling enough to convince the Fe...
After carrying the entire US stock market on its back, pushing major indices to record highs, $NVIDIA(NVDA.US$ shares took a breather.
The stock market rally paused as investors debate whether shares have climbed too far too fast and are now at frothy levels. Another point of contention was whether the recent uptick in unemployment in February could be a signal the labor market is now cooling enough to convince the Fe...
+1
54
4
ColumnsWall Street Today | Powell Says FOMC is Close to Cutting Rates
RECAP
The market watched Federal Reserve Chair Jerome Powell testify before a Senate committee Thursday, and not much else happened. Powell said the FOMC was close to deciding on a rate cut and that there would likely be cuts this year. Stocks advanced on the FedSpeak, and the S&P 500 to a new record close at 5,157.
Sometimes, the dance floor needs a song everyone has already heard to keep the party moving.
The $S&P 500 Index(.SPX.US$ climbed 1...
The market watched Federal Reserve Chair Jerome Powell testify before a Senate committee Thursday, and not much else happened. Powell said the FOMC was close to deciding on a rate cut and that there would likely be cuts this year. Stocks advanced on the FedSpeak, and the S&P 500 to a new record close at 5,157.
Sometimes, the dance floor needs a song everyone has already heard to keep the party moving.
The $S&P 500 Index(.SPX.US$ climbed 1...
36
1
ColumnsWall Street Today | Market Watches FedSpeak with Bated Breath
RECAP
Investors closely watched Federal Reserve President Jerome Powell Tuesday as he spoke before the Senate Banking Committee, the first of a two-day stint before Senators and House Representatives. Fielding questions about mergers and monetary policy, Powell said there would likely be rate cuts this year and that service inflation would have to come down, but no recession was coming.
Markets climbed cautiously while watching Powell...
Investors closely watched Federal Reserve President Jerome Powell Tuesday as he spoke before the Senate Banking Committee, the first of a two-day stint before Senators and House Representatives. Fielding questions about mergers and monetary policy, Powell said there would likely be rate cuts this year and that service inflation would have to come down, but no recession was coming.
Markets climbed cautiously while watching Powell...
32
ColumnsWall Street Today | Market Lets Loose and Drops While Waiting For Powell
RECAP
The $Dow Jones Industrial Average(.DJI.US$ fell more than 400 points Tuesday and $S&P 500 Index(.SPX.US$ the $Nasdaq Composite Index(.IXIC.US$ both shed about 1% as investors took a cautious stance ahead of closely watched speeches and macro data.
Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, said this week is reminiscent of last week's start. At that time, the big worry was what the P...
The $Dow Jones Industrial Average(.DJI.US$ fell more than 400 points Tuesday and $S&P 500 Index(.SPX.US$ the $Nasdaq Composite Index(.IXIC.US$ both shed about 1% as investors took a cautious stance ahead of closely watched speeches and macro data.
Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, said this week is reminiscent of last week's start. At that time, the big worry was what the P...
33