Markets Mixed Monday: NVIDIA Forecast and More
From NASDAQ: 2024-11-18 17:42:00
Market indexes closed mostly in the green to start the week, with the Dow down -0.13%, S&P 500 up +0.39%, and Nasdaq up +0.60%. Bond yields calmed down with the 10-year at +4.420% and the 2-year at +4.287%. Post-election, markets anticipate lower regulations and potential tax cuts.
NVIDIA shares fell -1.2% on reports of overheating Blackwell chips. Despite this, demand remains high and earnings are expected to be strong. Homebuilder confidence rose to 46, exceeding expectations and the highest level since March. Housing starts and building permits for October are expected to improve.
Zacks offers access to all picks for $1, providing insights into portfolio services with impressive gains. Thousands have taken advantage of this offer, with no obligation to spend more. NVIDIA reports Q3 earnings this week, with a Zacks Rank #1 (Strong Buy) and shares up +190% year to date.
Overall, the markets started mixed on Monday, with NVIDIA facing challenges with overheating chips. Homebuilder confidence is up, and Zacks offers a $1 access to all picks. It remains to be seen how the week will unfold in terms of earnings and economic data.
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