MPC Morning Call 26th August – Nvidia carries index as broader markets drift lower
The broader market was weaker overnight, saved only by strength in Nvidia as investors remain positive on the chipmakers earnings this Wednesday
The broader market was weaker overnight, saved only by strength in Nvidia as investors remain positive on the chipmakers earnings this Wednesday
Stocks headed higher as revived hopes for a September rate cut pushed Treasury yields lower and tech stocks higher after Federal Reserve Chair Jerome Powell signalled the Fed was open to cutting interest rates as soon as next month.
Stocks extended their losing streak to five days overnight, pressured by a fall in retail and tech stocks and concerns about the economy, a day ahead of remarks from Federal Reserve chairman Jerome Powell.
Stocks closed lower for a fourth straight session overnight, as big tech stocks continued to stumble ahead of the Jackson Hole Symposium and chipmaker Nvidia’s results due next week.
Stocks headed lower for a third day ahead of the upcoming Jackson Hole Symposium later this week, with tech stocks feeling the brunt of the pain.
Stocks drifted lower for a second day as investors digested a meeting between Ukraine President Volodymyr Zelensky and U.S. President Donald Trump in Washington and looked ahead to the upcoming Jackson Hole Symposium
Stocks fell Friday amid pressure from weaker consumer sentiment data, a jump in inflation expectations and the key meeting between President Trump and Putin.
Stocks were lucky to eke out a small gain overnight as investors had their selective hearing on full power as inflation numbers came in much higher than expected .
Equites notched a record close for the second day in a row on Wednesday as investors weighed the prospect of a Federal Reserve rate cut as soon as next month and an ongoing slew of mostly upbeat quarterly earnings.
Stocks notched another record high overnight as inflation figures were benign, leaving the door open for the Fed to cut rates.
Stocks headed lower overnight as investors took some risk off the table into key inflation prints due later in the week and digested reports that President Donald Trump had extended the deadline for China tariffs by 90 days.
Stocks were led higher by tech on Friday, as bets on a September rate cut were boosted after Trump nominated his top economic adviser, Stephen Miran, to fill a vacant seat on the Fed board