From Investing.com: 2024-11-18 14:25:33

The Nasdaq and S&P 500 rebounded on Monday as investors await quarterly earnings from Nvidia and Tesla, with the latter jumping on expectations of favorable policy changes under the incoming Trump administration. Nvidia is expected to drive nearly 25% of its EPS growth in the third quarter, with shares down 1.5% after reports of AI chips overheating. Energy and consumer discretionary stocks rose, with Tesla gaining 4.9% on the news. CVS Health surged 5.8% after adding new board members in an agreement with Glenview Capital Management, while healthcare stocks slipped. The S&P 500 and Nasdaq logged their worst weekly losses in over two months last week due to expectations of Fed policy easing and uncertainty over Trump’s cabinet appointments. Key holiday shopping season results from major retailers like Walmart, Lowe’s, and Target will be closely watched this week to gauge U.S. consumer strength. Stocks indexes have shed gains post-Trump victory, but remain fairly stable as 2024 comes to a close.



Read more at Investing.com: Wall St mixed as investors await Nvidia earnings; Tesla jumps By Reuters