STOCK MARKET
Dow Jones ended at $39,872.99 (+0.17%)
S&P 500 ended at $5,321.41 (+0.25%)
Nasdaq Composite ended at $16,832.99 (+0.17%)
The stock market witnessed gains across all major indexes, with the S&P 500 and Nasdaq Composite reaching new records, driven by investor excitement over Nvidia’s upcoming earnings report and the continued enthusiasm for artificial intelligence technology. Nvidia’s strong performance in the semiconductor industry has fueled expectations for another positive earnings report, prompting heavy investor positioning in the stock. In addition, the Dow Jones Industrial Average joined the upward trend too. However, it is worth noting that there is also a sense of caution reflected in options trading, where traders are anticipating a potential 9% swing in Nvidia shares based on the earnings report outcome. Moreover, despite some mixed performance from companies like Palo Alto Networks, overall market sentiment remains optimistic, with the focus now turning to Federal Reserve commentary and the potential impact of inflation data on future market movements.
CRYPTO MARKET
Bitcoin fell by 0.43% for the day, with a value of $69,341.87 as of 3:00 PM CST, as stated by Coin Metrics.
