Today’s Market Highlights:
Nvidia Earnings Impact
- U.S. markets saw a slight rise after Nvidia’s earnings release, with the tech giant’s shares increasing by 0.5%. Alphabet, on the other hand, faced a 4.7% slump due to the U.S. Department of Justice’s call for Google to divest Chrome. In Europe, the Stoxx 600 added 0.41%, breaking a four-day losing streak, while JD Sports saw a 15.5% decline after warning about its annual profit.
Bitcoin’s Rise
- Bitcoin broke the $99,000 barrier before retreating to around $98,600, with expectations of crossing the $100,000 milestone. Galaxy Digital CEO Michael Novogratz warns of a possible correction in the cryptocurrency’s value.
Fed’s Decision
- The U.S. Federal Reserve may keep interest rates unchanged, potentially angering President Trump due to his inflationary policies. Trump has previously criticized Fed officials for not relaxing monetary policy quickly enough.
Bluesky’s Resilience
- Bluesky, a social media platform similar to Elon Musk’s X and Meta’s Threads, remains "billionaire proof" according to CEO Jay Graber. The platform’s open-source nature protects it from acquisition threats.
Focus on Nvidia’s Blackwell
- Despite Nvidia’s slower revenue growth, analysts remain optimistic about the stock due to the upcoming Blackwell chip. Supply struggles to meet the high demand for this next-generation product.
Market Recovery
- Following a month of significant events like the U.S. presidential elections and geopolitical tensions, markets are stabilizing. Nvidia’s earnings report played a role in this recovery, with the S&P 500 rising by 0.53%, the Dow Jones climbing 1.06%, and the Nasdaq Composite remaining mostly flat.
Investor Sentiment
- While Nvidia’s earnings were impressive, investors were cautious due to the chipmaker’s conservative sales projections. This contrasts with Snowflake’s stock performance, which soared despite a wider net loss, showcasing how market expectations influence stock movements.
In conclusion, market movements are dictated by a complex interplay of factors, from corporate earnings to geopolitical events. Stay informed and keep an eye on key developments to navigate the ever-changing financial landscape. Please rewrite this sentence.
