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S&P 500 reaches 6,500 as Nvidia drives market

S&P 500 reaches 6,500 as Nvidia’s results affirm AI boom despite mixed reactions to revenue guidance and China’s potential impact

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S&P 500 reaches 6,500 as Nvidia’s results affirm AI boom despite mixed reactions to revenue guidance and China’s potential impact

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In Short:
– S&P 500 hit 6,500 as Nvidia reported strong earnings amid AI boom; index rose 0.4%.
– Nvidia’s revenue increased by 56%; analysts raised price targets, improving sentiment in the chipmaker sector.
The S&P 500 reached 6,500 for the first time on Thursday, boosted by Nvidia’s strong earnings report. According to Reuters, traders viewed the results as a sign of the ongoing AI boom.
The index was last 0.4% higher, hitting an all-time intraday peak, while the Nasdaq rose 0.6% and the Dow Jones gained 81 points.Nvidia, comprising about 8% of the S&P 500, reported a 56% increase in revenue, surpassing Wall Street’s estimates.

However, some concerns emerged regarding slightly lower-than-expected revenue for its data centre business and guidance of $54 billion for the upcoming quarter, which was only above the $53.1 billion consensus.

Initial declines in Nvidia’s stock reversed by market open, though it remained about 0.5% lower.

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Positive Outlook

Analysts’ sentiment towards Nvidia has become more bullish post-report, leading firms like JPMorgan and Citi to raise price targets. Other chipmakers, including Broadcom and Micron Technology, also saw gains.

Meanwhile, Snowflake’s shares surged 22% after better-than-expected results.

The market recently celebrated strong GDP growth at 3.3%, exceeding forecasts. Attention now turns to a forthcoming inflation report on Friday, where economists anticipate a 0.2% rise for July.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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