Market participants took profits ahead of Memorial Day weekend with mixed economic data

From Barchart: 2024-05-23 17:20:00

Market participants took profits today ahead of the long Memorial Day weekend, with most major indices down for the week except Nasdaq. S&P flash PMI numbers came in better than expected, but New Home Sales fell below estimates. Tomorrow, we can expect new Durable Goods Orders and Consumer Sentiment figures. NVIDIA continues to impress, pointing to AI market growth potential.

Research Chief picks a “Single Best Pick to Double” stock with explosive upside potential targeting millennial and Gen Z audiences generating close to $1 billion in revenue last quarter. Now is considered an ideal entry point after a recent pullback. Analysts expect this stock to outperform earlier picks like Nano-X Imaging, which soared +129.6% in 9 months.



Read more at Barchart: Markets Take Profits Ahead of Long Weekend