Daily-Wrap

Index Update

Index Update

Nvidia's stock dropped over 2% in after-hours trading, as investors expected stronger results, while Snowflake surged 20% on better-than-expected earnings. On Wednesday, the Dow rose 0.32%, the S&P 500 was flat, and the Nasdaq fell 0.11%. Investors are now focused on Thursday's economic data, …

Index Update

Gold surged above $2,620/oz, hitting a 1-week high as the dollar paused and Fed rate cut bets for December fell to 59%. Geopolitical tensions, including Biden approving Ukraine’s use of U.S. long-range arms and Russia updating its nuclear doctrine, boosted safe-haven demand. Meanwhile, Brent …

US stocks closed lower Friday as rate cut hopes faded. S&P 500 fell 1.2%, Dow lost 290 pts, and Nasdaq dropped 1.9%. Powell's hawkish tone & strong retail data weighed on sentiment. Tech lagged (Nvidia -2.6%, Amazon -3.3%), while Tesla rose 1%. Pharma hit …

Index Update