Stocks Recover from Early Losses on Strength in Nvidia and Walmart
From Nasdaq: 2024-11-19 13:54:09
- Stock indexes are mixed today, with the Dow Jones falling to a 1-1/2 week low due to escalating Ukraine-Russian war tensions. Flight to safety into bonds and gold is observed. Weaker US housing data also impacted stocks negatively.
- Nasdaq 100 recovered on Super Micro Computer and Nvidia strength, while Walmart’s strong earnings boosted stock indexes. Nvidia’s upcoming earnings are awaited amid reports of design changes for its AI Blackwell chips.
- European bond yields are lower, and ECB members hint at possible rate cuts. Swaps indicate a 100% chance of a rate cut by the ECB. US stocks like Incyte Corp, H&R Block, and Intuit are down, while Super Micro Computer and Walmart are up.
- Defense stocks rise on Ukraine-Russia conflict, with Northrop Grumman and Lockheed Martin gaining. Bakkt Holdings, Symbotic, and BioNTech see significant increases. Earnings reports for various companies are scheduled for 11/19/2024.
- Today’s market movements, including stock indexes, bond yields, and individual stock performances, reflect the impact of geopolitical tensions, economic data, and corporate earnings. Stay informed on the latest developments for strategic decision-making in the financial markets.
Read more at Nasdaq: Stocks Recover from Early Losses on Strength in Nvidia and Walmart