At-a-Glance
Today’s Top Highlights
*Report written before the close due to travel schedules*
As mentioned yesterday, the S&P and Nasdaq have been trading in a range between their 50 and 200-day moving averages, and there is a key earnings report coming out today with Nvidia that could have a strong impact on those markets. Ahead of the release, the Nasdaq is leading the charge higher today trading up near 1.2%, while the Russell and S&P are both trading higher. The Russell has been trading at more elevated levels that both other indices, but now the S&P has climbed out above its 50-day moving average and the Nasdaq is looking to potentially test those levels with the earnings reports today.
The precious metals were showing more strength today with Gold, Silver, Copper and Platinum all trading higher, led by the Platinum market which has received a lot of attention over the last year. The precious metals are still in recovers mode after the large selling from January and traders are watching the Dollar and bind markets closely to see how the metals can perform. For the rest of the week, there will be some key economic reports along with the earnings after the close today that may helpt these markets test recent key levels.
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