Reported 5 months ago
US stocks traded mostly higher on Monday, with Nvidia shares leading the way as they surged about 3% ahead of their first-quarter earnings. JPMorgan's CEO Jamie Dimon's comments on not buying back stock weighed down the Dow, while major indices saw gains, propelled by Nvidia's anticipated strong earnings report. Other highlights include expectations of an AI boom in the stock market, rising global stock markets potentially boosting China's equity market, and Morgan Stanley's CIO turning bullish on stocks. Additionally, gold prices hit a record high, indicating potential future interest rate cuts from the Federal Reserve.
Source: YAHOO