US Stock Markets Fluctuate Amid Nvidia (NASDAQ: NVDA) Declines and Anticipated Economic Updates
Today market analysis on behalf of Milad Azar Market Analyst at XTB MENA
June 24, 2024 (Investorideas.com Newswire) The US stock market opened mixed today following a recent downturn over the last two sessions. Notably, Nvidia, a major market player, has experienced a significant sell-off, dropping 4% last week after consecutive daily declines exceeding 3% each. This trend continues as Nvidia follows a slide over the past two sessions after briefly becoming the world's most valuable company last week, potentially impacting today's market performance, particularly within the technology sector.
Investors are closely monitoring several key events this week. The highlight is Friday's release of the Personal Consumption Expenditures (PCE) price index report, the Federal Reserve's preferred inflation gauge. It is anticipated to indicate a moderation in price pressures, which could pave the way for the Fed to consider interest rate cuts in the upcoming months. Additionally, remarks from San Francisco Fed President Mary Daly, a voting member of this year's Federal Reserve Committee, are eagerly awaited, along with speeches from other committee members later in the week.
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp