Nvidia's Best Day Since April 2025, Cybersecurity Stocks Go Vertical: Stock Market Today
Nvidia surged 9% and cybersecurity names exploded higher, yet 10 of 11 S&P 500 sectors fell as yields firmed before Jackson Hole.
Read original at benzingaEconomy · News reference
Employers Unexpectedly Cut 23,000 Jobs In July — Markets See September Fed Hike as Less Likely (UPDATED)
U.S. nonfarm payrolls unexpectedly fell by 23,000 in July as government layoffs surged, prompting markets to slash expectations for a September Fed rate hike.
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Nvidia's Unusual Move Answers AI Trade’s Key Question; $40 Trillion US Debt Bomb Ticks; Key Fed Speech Awaited
Nvidia’s Unusual Move Please click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA). Note the following: The chart shows that NVDA gapped up above the low band of Zone 1 (resistance). RSI on the
Read original at benzingaWhy the Summer Slump is Setting Up Wall Street's Next Rally
Technical analysis shows QQQ is positioned for a rally, with historical data indicating positive returns following eight consecutive down closes. Bearish sentiment has reached extreme levels for six consecutive weeks, a contrarian indicator that preceded a multi-week rally in April. NVIDIA exceeded Wall Street expectations with $96.2B in revenue and announced significant capacity expansion plans for Neocloud partners, signaling strength in the AI sector.
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QQQ attracted $3.67 billion in ETF inflows while SPY saw $3.82 billion in outflows, as semiconductor ETFs also drew strong investor demand.
Read original at benzinga