Stocks Rebound On Wall Street, Nvidia Posts Strong Quarterly Results

American Eagle, Best Buy, and Dollar General reported quarterly results that highlighted a challenging environment for retailers as stretched consumers avoid discretionary items. Nvidia reported another stellar quarterly result.

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Global Tech Rally On Hold as Investors Anticipate Another Stellar Quarter from Nvidia

The tech rally on Wall Street was on hold as investors awaited the release of earnings results from Nvidia. Crude oil prices fell below $75 a barrel because of a weaker, weaker global demand outlook and economic uncertainty. The euro traded near its 13-month high ahead of the inflation report. 

Wall Street Indexes Trade Around Flatline and Treasury Yields Retain Downward Bias

Benchmark indexes on Wall Street traded sideways, the dollar hovered near its two-month low, and the yield on Treasury notes stayed below 4%.

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U.S. and Global Markets Trade Sideways as Investors Anticipate Another Stellar Results from Nvidia

U.S. major averages lacked direction, and investors awaited the release of Nvidia's earnings. Global market indexes traded sideways, crude oil prices weakened, and the euro eased ahead of the release of the inflation report later in the week. Japanese stocks gyrated amid rate path uncertainties, and China markets continued to drift lower. 

S&P 500 and Nasdaq Composite Recovery Rally Stalled Ahead of Nvidia Earnings

The S&P 500 index and the Nasdaq Composite traded below their record highs as investors awaited Nvidia earnings after the close tomorrow. Artificial intelligence-linked stocks were in focus, and investors are hoping that mega-cap tech companies will continue to spend at elevated levels and deploy their AI infrastructure. 

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The Risk of a Wider War In the Middle East Weigh On Global Stock Markets

The growing prospect of a wider war in the Middle East kept global stock market indexes in check and lifted crude oil prices. Investors in the U.S. and Europe anticipate rate cuts after policy meetings next month. The stronger yen pressured broader indexes in Tokyo. 

Rate-cut Expectations Support Upward Move In Stocks On Wall Street

Stocks on Wall Street advanced, and benchmark indexes approached record highs amid rate-cut optimism. Durable goods orders rebounded from the previous month in July, contrasting the worry of a slowdown in the manufacturing sector. 

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Fed Chair Comments Power Market Advance On Wall Street, Housing Market Data Signal Mixed Outlook

Benchmark indexes jumped more than 1% on Wall Street after investors interpreted the latest comments from Fed Chair Powell as saying the central bank is ready to cut rates as early as September. 

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U.S. Major Averages Turned Cautious Ahead of Fed Chair Powell Speech

U.S. indexes turned lower ahead of Fed Chair Powell's speech on Friday, and Treasury yields edged higher. Private sector business activity growth slowed in August but expanded for the for the 19th consecutive month. Existing home sales rebounded in July after sliding for four months in a row. 

Rate-cut Hopes Reinforced After Fed Minutes Signaled Optimism

Stocks struggled to advance as investors reviewed the latest Fed meeting minutes and kept hopes high for a rate-cut cycle to start in September. 

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U.S. Stocks Bounce Around Flatline After Sharp Downward Revision In Job Growth

Stocks traded sideways after the Labor Department revised lower nonfarm payrolls by 818,000 over the year ending in March 2024, indicating that the U.S. economy added 30% fewer jobs than previously estimated.

U.S. Major Averages On Hold Ahead of Fed Minutes

The S&P 500 index and the Nasdaq Composite inched closer to record territory as investors awaited the release of Fed minutes to gain more clues about the prospects of an interest rate cut in September.

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S&P 500 and Nasdaq Turned Lower and Halted 8-day Rally

U.S. market indexes turned lower after rising for eight consecutive sessions in a row, the longest winning streak in 2024. Gold traded at a new record high amid rising expectations that major central banks in the U.S. and Europe are ready to pursue less-restrictive monetary policy. China held its two key lending rates steady.

Rate-cut Hopes Fueled Optimism Rules Wall Street

The S&P 500 index and the Nasdaq Composite index attempted to extend the 8-day rally amid rate-cut optimism. Gold jumped to a new record high as investors speculated major central banks were preparing for less-restrictive monetary policy. 

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U.S. Major Averages Extended Gains Following the Best Weekly Advance Last Week

Global market indexes rebounded after investor sentiment stabilized. Benchmark indexes on Wall Street approached record highs reached five weeks ago. Crude oil dropped below $75 a barrel, and the euro jumped to an eight-month high.