Wall Street sees record highs, Nvidia earnings, Fed-induced selloff, and Nasdaq heading for a weekly win.

From Nasdaq: 2024-05-24 13:52:07

Wall Street experienced a rollercoaster week, starting with record highs and Nvidia’s earnings but ending with a Fed-induced selloff. The Dow had its worst day in over a year, retreating from 40,000, though equities rebounded somewhat on Friday. Only the Nasdaq is on track for a weekly win.

Nvidia’s earnings call led to a stock split and record highs, while Live Nation faced legal troubles. Boeing warned of negative cash flow, and Apple introduced discounts in China. Lululemon hit lows after executive changes, Macy’s and Palo Alto Networks saw post-earnings pops, and Him & Hers surged on weight-loss services.

Retail earnings from Advance Auto Parts, Dollar General, and Gap are on the horizon, along with PCE price index readings. Analysts provide insights on Memorial Day week strategies and the importance of exit and stop-loss points for traders.



Read more at Nasdaq: Volatility Rocks Wall Street’s Historic Week