2024-06-01 15:06:58
Stocks
Inflation
Tech Stocks Face Volatility Amid Inflation Concerns and Market Fluctuations
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The Street
Stock Market Today: Nvidia set to power S&P 500, Nasdaq to record highs
Finance
Technology
Nvidia's exceptional first quarter earnings are expected to drive tech-led gains and set record highs for the S&P 500 and Nasdaq. The company's strong financial performance, including a significant increase in net income and a 10-for-1 stock split announcement, has boosted the value of rival chipmakers as well.
The Street
Nvidia earnings seal Big Tech stock dominance
Finance
Technology
Nvidia's impressive Q1 earnings highlight the dominance of Big Tech stocks in the market, with the Magnificent 7 tech stocks collectively generating $108.9 billion in net income. These companies, including Microsoft, Apple, Alphabet, Amazon, Meta Platforms, and Tesla, have driven more than half of the S&P 500's year-to-date return. However, some analysts predict that the dominance of the Magnificent 7 may fade in the second half of the year as other sectors show fundamental improvements.
The Street
Bond markets sound inflation alarm, testing stocks rally
Finance
Economy
Technology
Global stocks turned lower this week as investors hit pause on a spring rally, amid bond market warnings of elevated inflation pressure in the summer. The S&P 500 has gained around 11.25% this year on improving corporate earnings and tech sector gains. Bond markets have suffered, with global government bond portfolios down 4.9%, and recent Treasury bond auctions drawing weak demand, pushing yields higher.
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