Nvidia’s earnings will be in focus next week as stocks try to sustain record levels

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The AI chipmaker could reinvigorate a trade that has the power to propel stocks higher at a time when market leadership has broadened.

All eyes will be on Nvidia next week as investors consider what's next for the AI trade. Stocks have reached all-time highs this week, crashing through one milestone after another as cooler inflation data cheered investors worried about a Federal Reserve that could keep interest rates higher for longer. The Dow Jones Industrial Average topped the 40,000 threshold for the first time ever. The S & P 500 broke above 5,300, also for the first time.

Minutes Earnings: Nvidia , TJX Cos ., Analog Devices , Target, Raymond James Thursday May 23 8 a.m. Building Permits 8:30 a.m. Chicago Fed National Activity Index 8:30 a.m. Continuing Jobless Claims 8:30 a.m. Initial Claims 9:45 a.m. PMI Composite preliminary 9:45 a.m. S & P PMI Manufacturing preliminary 9:45 a.m. S & P PMI Services preliminary 10 a.m. New Home Sales 11 a.m. Kansas City Fed Manufacturing Index Earnings: Intuit , Ralph Lauren Friday May 24 8:30 a.m.

 

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