tech

Thanksgiving is one of the quietest periods of the year for global markets outside Christmas.

Equities resumed the rally overnight despite Nvidia disappointing investors with their results.

Equities resumed the rally overnight despite Nvidia disappointing investors with their results.

NVidia beat on both top and bottom lines against analyst expectations, however much of this was “baked in” as the stock initially fell 3%

Equities closed higher overnight ahead of the release of minutes from the Federal Reserve’s September meeting and earnings from Nvidia that will likely set the tone for big tech in a holiday-shortened week.

Equities finished slightly higher Friday, notching their third-straight weekly win as stocks were buoyed by slowing inflation data earlier this week that fueled optimism that Federal Reserve rate hikes has peaked.

Equities drifted lower overnight with pressure from Cisco and Walmart after disappointing forecasts, while a drop in Treasury yields cushioned some megacap stocks.

The bears continued to be frozen by cooling inflation as stocks closed marginally higher after data showed inflation continues to ease and a rally in Target pushed retailers higher following better-than-expected third-quarter results.

Stocks rallied strongly while Treasury yields plummeted as US inflation numbers cooled by more than expected in October, bolstering investor expectations that the Federal Reserve hiking cycle is finished and inflation defeated.

Equities finished largely unchanged supported by energy and health care stocks, but upside momentum was kept in checked as traders awaited fresh inflation data due after midnight Tuesday

After market close on Friday, ratings agency Moodys lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability.

Equities fell overnight as Federal Reserve chairman Jerome Powell played the “Grinch” as he signaled that monetary policy wasn’t at levels yet that were sufficiently restrictive to rein in inflation to target, denting investor hopes of a Christmas rally