At-a-Glance
Today’s Top Highlights
Yesterday after the close, NVIDIA reported earnings where they saw a beat on revenue and EPS, and the stock traded lower off of the news. While that can have a major impact on the equity indices, they were all able to remain positive on the day with some strong economic data helping boost the price. GDP came in better than expected today and Initial Jobless Claims was also a strong number, and the markets moved and finished higher on the day. The S&P traded to a new all time high price today while the Nasdaq and Russell still had positive days but still have room to go for all time high prices.
Gold and Silver also had strong days today with Silver leading the precious metals higher being up over 2% on the session. After this move, Gold is trending toward its all time high price made in August and Silver is approaching new all time highs as well. With a lot of these major markets pushing higher, there will be many eyes on Core PCE tomorrow, which is the Fed’s preferred inflation indicator. This could have an effect on the equities, precious metals, crypto, and energy markets headed into the long weekend depending on how good or bad the number comes out at.
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