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Tag: Nvidia
The S&P 500 posted gains for the third consecutive week, helped by positive GDP revisions and tamed inflation(PCE). Nvidia(NVDA) beat earnings estimates but experienced margin contraction partly due to production issues with its next-generation Blackwell chips. Thursday, NVDA shares declined 6.4%, highlighting that high expectations for future profits leave little margin for error.
Today, ISM’s purchasing manager’s index(PMI) for August came in ...
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Weekly Market Update – 8.26.2024
Last week, Jerome Powell’s Jackson Hole speech marked a definitive turning point toward less restrictive monetary policy. Fed futures show a cumulative rate cut of 1% by their December meeting. Investors should consider locking in higher yields for the longer term, anticipating lower rates. The S&P 500 gained 1.47% on the week, with a two-week cumulative return of 5.46%.
Inflation data from Personal Consumption Expenditures(PCE) and Nvidia ...
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Weekly Market Update – 5.27.2023
Unify Financial Advisors Weekly Market Update
Last week, stocks were mixed. The tech-heavy NASDAQ reached a record high as AI stocks rallied on the back of NVIDIA’s(NVDA) strong Q1 earnings report.
This week, on Memorial Day, we remember the service men and women who gave their lives for our freedoms. Thank you to all past and present military personnel and their family for their service to our country.
The abbreviated work week delivers important ...
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Weekly Market Update – 5.20.2024
Last week, stocks and bonds appreciated Wednesday’s Consumer Price Index(CPI) report. After months of stubborn inflation data, April’s report showed that headline and core inflation slowed. Over the last twelve months, consumer prices were up 3.4%.
The week ahead includes the release of the FOMC meeting minutes, new home sales data, and PMI. Nvidia (NVDA) will draw much attention before and after its Q1 earnings report after the market closes on Wednesday.
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Weekly Market Update – 3.25.2024
Last week, the market appreciated Fed Chair Jerome Powell’s commentary and the FOMC projections on GDP, unemployment, PCE, and interest rates. The S&P 500 gained 2.31% and is up 10.12% year-to-date. Their revised dot plot showed three cuts expected this year and an increase in the fed participants’ agreement regarding these three cuts. However, participants slightly increased their rate projections for 2025 and 2026 compared to their December projections.
Nvidia ...
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Weekly Market Update – 2.26.2024
Last week, Nvidia (NVDA) posted record profits, contributing to its stock and the broader stock market achieving record highs on Friday. The S&P 500 gained 1.68% for the week and 6.91% year-to-date.
Far from being hype, Artificial Intelligence (AI) is poised to revolutionize business and our daily lives. By enhancing efficiency and productivity, AI technology promises transformative changes across industries. While optimism around AI remains high, mitigating AI technology risks is ...
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