Since 2019, Nvidia’s (NASD: NVDA) share price has soared 3,476%, thanks to its pivotal role in supplying the heart of artificial intelligence (AI). Few companies wield as much market influence as Nvidia, and anticipation was sky-high leading up to its earnings release. Investors were on edge, eager to see whether Nvidia would meet or surpass expectations.
Tag: meta
Weekly Update for the week ending June 7, 2024
This week’s update kicks off with some promising news that could impact your future investments and for borrowers across the board, whether they are individuals with mortgages, personal loans, or businesses with loans. As anticipated, the Bank of Canada trimmed the Canadian benchmark interest rate by 0.25%. While it may seem like a small adjustment, it is a step in the right direction. Additionally, positive developments emerged on the US economic front, indicating a cooling job market, which often signals a slowdown in the US economy. This shift raises the possibility of a rate cut in the US later this fall.
Weekly Update for the week ending May 24, 2024
In a week marked by light economic news, Nvidia (NASD: NVDA) dominated the headlines. Investors were eager to see if Nvidia could meet sky-high expectations and whether the artificial intelligence (AI) fueled rally would keep rolling. Nvidia not only met but surpassed expectations, reaffirming its dominance in the AI market. The company delivered an exceptional […]
Weekly Update for the week ending April 26, 2024
For the past three weeks, economic news—covering economic output, labour markets, and inflation—has dominated market movements. This focus shifted this past week as over 40% of the S&P 500 companies reported their earnings. Strong reports, especially from the largest companies, could likely sustain the market’s upward trajectory. However, if earnings reports are underwhelming, the markets may continue the recent pullback.
Additionally, key updates such as the US economic growth data and the Federal Reserve’s preferred inflation measure were released. Ideally, the Fed wants the economy to stay strong while inflation cools down.
Let’s see how this shift toward corporate performance and the latest economic updates impacted the markets over the last week…
Weekly Update for the week ending February 9, 2024
This past week, with a lull in economic news, corporate earnings captured the spotlight – and they certainly delivered. Fueling investor optimism further were the revised US Consumer Price Index numbers for December, indicating lower inflation than initially reported. This shift has led investors to speculate about the potential for the Federal Reserve to lower […]
Weekly Update for the week ending February 2, 2024
Another week brings us to yet another set of all-time highs for the S&P and DJIA! Despite a mid-week dip caused by the Federal Reserve’s decision to keep US interest rates steady, and caution it was unlikely the rate would go down in March, these indexes rebounded to set new records. The Nasdaq followed suit, closing the week at its highest point in two years. Unfortunately, the TSX didn’t share in the fortune, closing the week on a less positive note. ☹