Reported 11 months ago
Tech giants like Nvidia led a rally lifting stocks worldwide, with Nvidia's 7% climb after a $430 billion drop. In late trading, FedEx surged around 15% on a positive forecast, and Rivian Automotive gained big with Volkswagen's $5 billion investment. US consumer confidence dipped slightly, while Federal Reserve officials hinted at potential rate cuts. Despite volatility, analysts anticipate the S&P 500 to remain in a 'buy-the-dip' state. Bank of America saw net equity outflows last week, and Commodity Trading Advisors are expected to reduce equity positions. UBS reassured about positive demand signals despite Nvidia's recent correction, and Neuberger Berman views it as a long-term investment. Various corporate highlights and key upcoming events were also highlighted, providing a comprehensive overview of market movements and sentiments.
Source: YAHOO