From Nasdaq: 2024-05-10 11:30:20

The S&P 500, Dow Jones, and Nasdaq are up today, driven by chip stocks and positive Q1 earnings results. US indexes rising +6.5% y/y. Fed governors Bowman and Bostic issue hawkish comments, hinting at a late-year rate cut. Overseas markets also higher. T-note yields up, with potential new tariffs on Chinese imports.
Chip stocks like AMAT and NVDA up, while GOOG and TSLA fall. Novavax up +130% on licensing news. 3M gains after rating upgrade, Dropbox up on Q1 earnings. Yelp down on lower Ebitda guidance. Earnings reports from various companies released today.
Interest rates mixed, with Euro bond yields up. T-note prices under pressure from Fed comments. Stocks see mixed movement, with positive and negative movers across various sectors. geopolitical tensions with China affecting the markets. Fed rate cut expectations low for upcoming FOMC meetings.



Read more at Nasdaq: Stocks See Support from Higher Chip Stocks and Earnings Optimism