|
Finance
|
Stock Market News Today: Nasdaq Sinks, Nvidia Drops 5% Ahead of ...
2024-07-30 19:55:08
Markets
Stocks
Earnings

Stock Market News Today: Nasdaq Sinks, Nvidia Drops 5% Ahead of Big Tech Earnings

Image used under license from Shutterstock.com

The stock market saw declines as the Nasdaq sank and Nvidia dropped 5% ahead of the next round of Big Tech earnings. The S&P 500 and Dow also experienced losses.

Investors are eagerly awaiting the Federal Reserve's decision, the jobs report, and earnings results from Microsoft, AMD, Apple, Amazon, and Meta. Semiconductor stocks, including Nvidia, lagged behind.

Merck, Pfizer, and Procter & Gamble have reported their earnings, with Starbucks and AMD set to follow. July has been a volatile month for stocks, with a focus on AI trade and small caps.

Policymakers are expected to lay the groundwork for a rate cut in September after the June inflation data. However, investors are weighing the expectations for rate cuts against concerns that the Magnificent Seven megacaps and Big Tech companies have lost their momentum, as AI investments come into focus.

Nevertheless, investors are showing willingness to support companies that may currently have weak results but outline a turnaround in their business coming soon.

Related news on that topic:

Tech Market Expectations Amid Microsoft Earnings

Amidst market volatility, investors anticipate Microsoft's earnings report alongside key factors like AI investments and Azure growth. As the Federal Reserve hints at potential rate cuts, attention shifts to smaller companies and away from 'Big Tech'. The market eagerly awaits earnings from major players like Apple, Amazon, Meta, and AMD. With a focus on the Fed's upcoming decision, July's job report, and advancements in AI, investors weigh the impact of potential rate cuts against Big Tech performance. The current debate centers on the timing and extent of expected rate cuts this year, as market dynamics continue to shift.

Investing in AI Stocks: Opportunities and Considerations

The AI industry is experiencing significant growth, with predictions of $15.7 trillion in AI-driven economic growth by 2030. The Global X AI ETF (AIQ) offers diversified exposure to the AI sector, including prominent companies like Nvidia, Microsoft, and Oracle. However, the Motley Fool Stock Advisor team suggests that there are other stocks that may provide better returns than the ETF. Alphabet, the parent company of Google, is a leading AI stock with strong Q2 results and a dominant position in global search. While tech stocks like Alphabet and Tesla have recently seen declines, experts view this as a temporary rotation rather than a long-term trend. Despite short-term fluctuations, the long-term fundamentals for quality tech stocks remain attractive. Nvidia, the leading AI chip maker, has experienced stock price fluctuations but continues to demonstrate strong growth potential. Analysts believe that Nvidia will maintain its leadership in the AI chip market and deliver strong quarterly results. Overall, investing in AI stocks offers opportunities for growth, but investors should carefully consider their options and the broader market trends.

Read 14 more recent news on this topic

The press radar on this topic:

Yahoo Finance
30. Juli 2024 um 18:03

Magnificent Seven Stocks To Buy And Watch: Apple, Nvidia, Tesla In Buy Areas | Investor's Business Daily

Finance
The article discusses the performance and influence of the Magnificent Seven stocks: Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms, and Tesla. These stocks have experienced significant gains in 2023 and are considered some of the best stocks to buy and watch in the current market. Their large market capitalizations contribute to their influence on the Nasdaq composite and S&P 500 indexes.
The Street
30. Juli 2024 um 14:46

Fed meeting will light the path to lower rates TheStreet Daily Newsletter

Economy
Finance
Politics
The Federal Reserve is expected to cut rates, potentially in September, as inflation has improved but remains a concern, business bankruptcies have risen, and former Fed official Bill Dudley advocates immediate cuts to avoid a recession. Nvidia's stock has soared and then fallen, including a 10-for-1 split on June 7 and a 19.7% correction after June 20.
The Street
30. Juli 2024 um 19:45

Stock Market Today: Stocks gain amid 'make-or-break' week for markets TheStreet Daily Newsletter

Finance
Economy
U.S. stocks gain ahead of crucial week with earnings from tech giants, central bank rate decisions, and July jobs report. Concerns over economy, elections, Fed policy, and earnings growth weigh on markets, with S&P 500 down 0.03% for the month. Investors await results from Microsoft, Apple, Meta, and Amazon to stabilize sentiment. Central bank meetings in focus, with Fed expected to hold rates steady but signal September cut. Oil prices little changed amid tensions in Gulf region. Asian markets..
The Street
30. Juli 2024 um 22:45

Big tech earnings could save market rally or trigger summer slump TheStreet Daily Newsletter

Finance
Technology
Economy
LPL Financial's chief technical strategist Adam Turnquist notes that while stocks were historically 'stretched' last week, there could be more upside over the back half of the year. Bank of America's 'Flow Show' report also shows net inflows to U.S. stocks over the past month, including $2 billion into tech last week despite the Mag 7 selloff, suggesting investors are willing to take more risk as a 'soft landing' looks more likely.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact