Reported 8 months ago
On Tuesday, the Nasdaq surged 1.3% driven by Nvidia's 6.8% growth and other tech giants, while the Dow slipped. The rebound was led by chip sector strength, with the S&P 500 technology index recovering from a three-day decline and tech stocks like Alphabet and Meta Platforms performing well. Investors are awaiting crucial inflation data this week, with implications for megacaps as consumer confidence slightly eased and economic growth signs indicate advantages for high-quality stocks. However, retail giant Walmart and Boeing faced challenges, while FedEx rallied in after-hours trading due to favorable profit forecasts. Carnival Corp raised its annual profit outlook, and the upcoming release of the personal consumption expenditures (PCE) price index is also anticipated.
Source: YAHOO