Stocks edged higher overnight, buoyed by tech as stocks kicked off the second half of the year on the front foot ahead of Powell speaking in Europe and crucial monthly jobs report due later this week.
Stocks drifted lower on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate.
Equities eked out a gain Thursday as investors weighed up a slump in chipmaker Micron and gains in consumer stocks just a day of key inflation data.
Equities ground higher overnight as surge in Amazon to a record high, joining the $2 Trillion club, helped push tech higher just days ahead of key inflation data.
Equities appeared lost for direction in the lead up to the key PCE data this Friday with Nvidia stemming the bleeding by bouncing 6.5% after a 20% fall from its highs last week
Equities were mixed overnight as profit taking in Semiconductor stocks saw a shift back to the blue-chip DOW and the Russel2000 (small caps) with Nvidia now down 14% in 4 days.
Equities closed marginally higher despite Nvidia taking a second 3% hit in a row, cooling from its recent melt-up, handing back #1 spot to Microsoft
Equities closed lower Thursday after briefing topping the 5,500 milestone for the first time ever as Nvidia cooled its recent rally, dragging the broader tech sector lower and flurry of economic data pointing to signs of a weaker economy.
The US markets were closed overnight for the “Juneteenth” or Freedom Day holiday, commemorating the end of slavery in 1865.
The US markets closed at another record high on Tuesday as Nvidia rallied to usurp Microsoft as the most valuable company, pushing the broader tech sector higher and overshadowing economic data pointing to a more wary U.S. consumer.
Yet another record high led by the mega-cap tech stocks overnight as investors shrugged off a climb in Treasury yields amid ongoing Fed speak around delays to rate cuts and flow of key economic data due later this week.
The Nasdaq closed at a record high Friday, led by tech and expectations for Federal Reserve rate cuts later this year, though a dent in consumer sentiment kept gains in check
