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
Scott Bessent is using Treasury buybacks to fight surging long-term yields, but bond investors are pushing back as U.S. debt tops $40 trillion.
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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 benzingaNvidia’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 benzingaTechnical 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.
Read original at zacks-investment-researchQQQ 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 benzingaCitrini Research predicts a Treasury twist in the market, with banks replacing the Fed as buyers of government debt, leading to a potential short squeeze on 30-year bonds.
Read original at benzingaWill the Fed hike rates in September? Key PCE inflation data and Jackson Hole could redefine policy expectations.
Read original at benzinga