- Reuters
Futures inch up with Fed minutes, Nvidia results on tap for the week
All the three major indexes marked their fourth straight week of gains on Friday as upbeat corporate earnings and softer-than-expected inflation data supported hopes for interest rate cuts this year. Both the benchmark S&P 500 and the tech-heavy Nasdaq touched an all-time high last week, while the blue-chip Dow closed above the 40,000 level on Friday. Investors are keenly awaiting quarterly results from artificial intelligence (AI) chip leader Nvidia and minutes of the Fed's latest monetary policy meeting, both scheduled for Wednesday.
- Investor's Business Daily
Dow Jones Futures Rise; Nvidia Offers Huge Test With 5 AI Stocks Near Buy Points
The stock market is right at highs but Nvidia earnings offer a major test. Five AI stocks are near buy points.
- Reuters
Morning bid: Buoyant start to 'Nvidia week'
World markets, heady on hopes for renewed U.S. disinflation and another attempt by China at shoring up its ailing housing sector, entered the new week on the front foot as attention switched back to the artificial intelligence boom. AI-bellwether Nvidia reports quarterly earnings on Wednesday with the bar to impress the investor gallery as high as ever - its stock has almost doubled again this year so far after tripling in 2023. And that's with good reason - the chipmaking giant's revenue is expected to have more than trebled to $24.8 billion from $7.2 billion a year earlier, with earnings per share soaring to $5.57 from $1.09, according to LSEG data.
