Friends
We had another quiet day of trading as market participants brace for the Nvidia earnings release tomorrow after the close. Yes, it’s only one company but Nvidia has been the poster child for the AI revolution and a stock that has dragged the whole sector higher over the past year. When we get past Nvidia’s earnings the focus will be squarely on the Fed.
As for today, by the close the Dow Jones Industrial Average was up 9 points to finish the day at 41,250. The S&P 500 was up 8 points to close at 5,625. The Nasdaq Composite Index was up 29 points to close at 17,754. Gold was up $5 to trade at $2,560 per ounce, while oil was down $1.77 to trade at $75.65 per barrel WTI.
My guess is that Nvidia’s earnings will stir things up later in the week, but until the release we might have another quiet trading session tomorrow. We’ll let you know. Stay tune.
Have a nice evening everyone.
