From Investor’s Business Daily: 2024-04-12 12:38:00

The stock market rally saw Nvidia rebound and the Nasdaq set a record close, but stocks retreated on hot inflation and Mideast fears, with the Dow Jones and Russell 2000 below their 50-day lines. Taiwan Semiconductor reported strong sales, driven by AI chips. JPMorgan Chase, Wells Fargo, and Citigroup kicked off bank earnings season. Google unveiled an in-house AI processor. March inflation data wasn’t as bad as feared, leading economists to expect a modest rise in the core PCE price index. JPMorgan tumbled on guidance, while Delta Air Lines reported a soaring 80% EPS gain. Overall, markets remain cautiously optimistic, with some key players moving stocks significantly.



Read more at Investor’s Business Daily: Stock Market Sends Mixed Signals; Nvidia, Inflation, Mideast Fears In Focus: Weekly Review