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Record Highs for S&P 500 and Nasdaq Amid Nvidia Surge and Lower Treasury Yields | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Jun) Eurozone - ECB Interest Rate Decision (Jun) USA - Initial Jobless Claims Eurozone - ECB Press Conference The S&P 500 and Nasdaq reached new record highs on Wednesday, driven by Nvidia's strong performance in the tech sector and declining Treasury yields. These market movements were influenced by further signs of a cooling labor market, which boosted hopes for a potential interest rate cut by the Federal Reserve later this year.
Nasdaq Surpasses 17,000 for the First Time Amid Market Volatility | Daily Market Analysis
Key events: USA - FOMC Member Williams Speaks USA - Beige Book Tuesday saw the Nasdaq reaching a historic high, surpassing the 17,000 mark for the first time ever. However, the index relinquished some of its gains later in the session as Apple's rally waned, though the strength in Nvidia helped mitigate downward pressure.
S&P 500 Falls, Gold Declines on Rate Concerns, and Currencies See Mixed Movements | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - S&P Global US Manufacturing PMI (May) USA - S&P Global Services PMI (May) USA - New Home Sales (Apr) The S&P 500 ended Wednesday in the red, falling from its recent record high as investors processed the Federal Reserve's May meeting minutes, which highlighted ongoing inflation concerns. The Dow Jones Industrial Average dropped by 201 points or 0.5%, the S&P 500 decreased by 0.3%, and the NASDAQ Composite slipped by 0.2%.
Markets Rally with Record Highs as Investors Eye Key Earnings and Inflation Data | Daily Market Analysis
Key events: New Zealand - RBNZ Interest Rate Decision UK - CPI (YoY) (Apr) USA - Existing Home Sales (Apr) USA - Crude Oil Inventories USA - FOMC Meeting Minutes The S&P 500 and Nasdaq reached record highs on Tuesday, as investors capitalized on a dip in tech stocks ahead of Nvidia's highly anticipated earnings report due Wednesday. The Dow Jones Industrial Average climbed 66 points, or 0.2%, while the S&P 500 increased by 0.3%, and the Nasdaq Composite rose by 0.2%.
Nasdaq Hits Record High While Gold Peaks Amid Fed's Hawkish Tone | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - Fed Governor Kroszner Speaks USA - Fed Waller Speaks USA - FOMC Member Williams Speaks USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks UK - BoE Gov Bailey Speaks Monday saw the Nasdaq reaching an unprecedented high, while gold soared to its peak as investors grappled with hawkish statements from the Federal Reserve alongside signs of moderating US inflation.
S&P 500 Closes Lower Amid Tech Slide and Fed Rate Concerns | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Apr) USA - Existing Home Sales (Mar) Wednesday saw the S&P 500 finishing lower, as concerns over prolonged Federal Reserve interest rates weighed heavily on tech stocks, led by Nvidia's decline. The Dow Jones Industrial Average dipped by 45 points, equivalent to a 0.1% decrease, while the S&P 500 experienced a 0.6% decline, and the NASDAQ Composite fell by 1.2%.
Surge in S&P 500 and Dow Jones to Historic Highs Fueled by Tech Stocks, Nvidia's Impressive Earnings | Daily Market Analysis
Key events: Eurozone - German GDP (QoQ) (Q4) Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Supervisory Board Member Jochnick Speaks Investors propelled the S&P 500 and Dow Jones Industrial Average to historic closing highs on Thursday, driven by a surge in interest in growth and technology stocks. This came on the heels of Nvidia (NASDAQ: NVDA), a prominent figure in artificial intelligence, reporting impressive earnings and providing an optimistic outlook.
Dow Gains Despite Fed Concerns, Nvidia Surges, and Global Currency Movements Unfold | Daily Market Analysis
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Tech Stocks Falter as Nvidia Faces Quarterly Results and Dollar Weakens; Walmart and Gold Shine | Daily Market Analysis
Key events: USA - FOMC Member Bostic Speaks USA - FOMC Member Bowman Speaks USA - FOMC Meeting Minutes On Tuesday, the Dow experienced a decline as investor caution grew regarding Nvidia's upcoming quarterly results and the release of the Federal Reserve's January meeting minutes later in the week. The Dow Jones Industrial Average dropped by 63 points or 0.2%, the S&P 500 index recorded a 0.6% decrease, and the NASDAQ Composite saw a 0.9% decline.
Dow Ends on a Positive Note Despite Inflation Concerns; Tech Stocks Drive Nasdaq's 1.3% Gain | Daily Market Analysis
Key events: UK - GDP (MoM) (Dec) UK - GDP (YoY) (Q4) USA - Core Retail Sales (MoM) (Jan) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Feb) USA - Retail Sales (MoM) (Jan) The Dow concluded Wednesday on a positive note, witnessing a rebound as investors seized the opportunity to buy stocks following a previous day's sell-off prompted by a stronger-than-expected US inflation report.