Nvidia Shares Surge as CEO Jensen Huang Highlights ‘Unprecedented’ Chip Demand
Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been “insane.” In an interview with CNBC on Wednesday after the market close, Huang confirmed the chips are in “full production” despite recent design issues that caused some delays in customer rollouts. “Blackwell […]
Gold Price Forecast: $2500/oz Re-emerges as US Dollar Index (DXY) Recovers
Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline. Most Read: S&P 500, Nasdaq 100 […]
Tesla Reports Rise in Quarterly Deliveries, Yet Shares Decline as Investors Demand More
Tesla shares were down about 4% Wednesday morning after the company posted its third-quarter delivery numbers. (David Zalubowski / Associated Press) Tesla’s quarterly vehicle deliveries rose for the first time this year, giving the company some welcomed good news after a bumpy road that nonetheless left investors underwhelmed. Tesla shares, which were trading at around […]
Gold (XAU/USD) Prices Decrease as Q3 Comes to an End
Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction? […]
Stock Futures Show Mixed Signals as Major Indexes Approach Record Highs
:max_bytes(150000):strip_icc()/GettyImages-2161632853-57c0ad5feef54b58969aad23d2fb3e72.jpg?w=1024&resize=1024,1024&ssl=1 "Stock Futures Show Mixed Signals as Major Indexes Approach Record Highs")
Stock futures are mixed on Tuesday as fourth-quarter trading gets underway with major indexes at record highs, while investors await key economic data releases in the coming days. Futures tied to the Dow Jones Industrial Average were down 0.3%, while those linked to the S&P 500 were off less than 0.1% and Nasdaq 100 futures […]
Weekly Market Outlook: Will NFP Jobs Data Deter a 50bps Fed Rate Cut?
US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions. Read More: Bitcoin Price Analysis: Key Support Levels and Market […]
What You Need to Know This Week
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the […]
Weekly Market Outlook: Can the NFP Report Confirm Rate Cut Optimism?
Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank […]
Stocks Rise as Federal Reserve’s Preferred Inflation Measure Softens
Stocks piled on gains Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts. The S&P 500 (^GSPC) rose 0.1%, on the heels of ekeing out a third record-high close this week. The Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) gained around […]
What Powell’s Recalibration Means for Commodities: Pros and Cons
What Powells Recalibration will and wont do for commodities Good morning Investors! Fed Chairman Jerome Powell and his merry band somewhat surprised markets following their most recent policy-setting meeting on September 18, cutting the official short-term (federal funds) rate by 50 basis points rather than 25. Some took this as a sign that the U.S. […]