U.S. Stocks Slip to End Volatile Week
U.S. stocks ended lower, giving back early gains, as investors weighed the impact another relatively strong jobs report will have on Fed’s timeline for anticipated rate cuts.
New indicators of a cooling economy eased inflation concerns, driving the S&P 500 to record highs last week. The index, which dropped around 4% in April, is now up 11% for the year. Will this momentum continue? Savita Subramanian, head of US Equity and Quantitative strategy at Bank of America, believes it will. She’s taking an upbeat stance on the current market outlook, and backs it with a look at long-term results from the past 300-plus quarters. “20 were recessionary, 13 were stagflationary,
This booming restaurant business has crushed the market in the past few years.
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
The software giant goes with Nvidia's rival for a platform of AI chips.
"The concept of a machine to be able to function with general intelligence to me is a 2x bigger factor than what the internet is," Gene Munster said.
The Under Armour meltdown continues.
The stock market is right at highs but Nvidia earnings offer a major test. Five AI stocks are near buy points.
Data center services are on the rise as generative AI continues to fuel the broader technology sector.
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A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.