From Nasdaq: 2024-11-19 18:04:43

The S&P 500 and Nasdaq 100 closed up, while the Dow Jones fell to a 1-1/2 week low. Nvidia’s +4% jump led the tech sector, with expectations of record Q3 revenue and a bullish forecast. Walmart’s +3% climb on strong earnings supported the market. War tensions in Ukraine and Russia sparked a flight to safety, impacting stocks negatively.

US 10-year T-notes rallied to a 1-week high, benefiting from a war-induced flight to safety. European bond yields also fell as tensions escalated. ECB members hint at possible rate cuts. Weaker-than-expected US housing data added to market concerns. Earnings reports show a strong Q3 for most S&P 500 companies.

Stock movers: Super Micro Computer surged +31%, Nvidia rose +4%, and Walmart climbed +3%. Technology stocks like Netflix and Tesla also performed well. United Airlines rose +4% on a price target increase. Tax preparer stocks like H&R Block and Intuit fell on news of a free tax-filing app proposal. Lowe’s, Medtronic, and Stellantis NV saw declines.

Earnings reports for 11/20/2024 include NVIDIA Corp, Palo Alto Networks, Snowflake Inc, Target Corp, TJX Cos, and Williams-Sonoma. Analyst Rich Asplund did not hold positions in mentioned securities. All information is for informational purposes only. Market movements were influenced by geopolitical tensions, earnings reports, and economic data.



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