Asian Stocks Look Mixed as Traders Await Nvidia: Markets Wrap

-- Asian stocks are set for a listless day following a cautious session on Wall Street as traders keenly await Wednesday’s earnings from Nvidia Corp., the chipmaker at the heart of the artificial-intelligence frenzy that’s powered the bull market.One of the Last Big Bears on Wall Street Turns Bullish on US Stocks

Another raft of Federal Reserve speakers only reiterated the wait-and-see approach on rates. Treasuries edged lower at the start of a busy week for investment-grade issuance as firms rush to sell bonds ahead of the US holiday weekend. Ten-year yields rose two basis points to 4.44%. Another part is enthusiasm for AI technology. Chip giant Nvidia on its own is responsible for about one-fourth of the gains in S&P 500. And together with Microsoft Corp., Amazon.com Inc., Meta Platforms Inc. and Google’s parent Alphabet Inc., roughly 53% of the benchmark’s rise is coming from just five stocks.

Elsewhere, commodities traders will be looking to see if the rallies that saw both copper and gold surge to all-time highs on Monday can be maintained. Brent hovered near $84 a barrel after posting its first weekly advance this month, while West Texas Intermediate settled near $80.Eurozone S&P Global Services PMI, S&P Global Manufacturing PMI, consumer confidence, ThursdayFed’s Christopher Waller speaks, FridayWest Texas Intermediate Crude fell 0.2% to $79.

Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.Are you wondering what TSX energy stocks could pay and grow their dividends for decades ahead? Here are two for long-term passive income! The post Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small-caps stocks may benefit most from Nvidia market rallyMarkets have been on a remarkable rally, with the Dow Jones Industrial Average (^DJI) surpassing the 40,000 mark for the first time ever last week. However, ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks, Nvidia earnings on Wednesday, retailers: 3 ThingsAfter last week's historic record highs, markets (^DJI, ^IXIC, ^GSPC) are patiently waiting on the minutes from the most recent Federal Reserve meeting. Chip...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Chip stocks: Wolfe Research bullish on AMD, NvidiaChip stocks are in the spotlight at Wolfe Research, with the firm reiterating its Outperform rating on Nvidia (NVDA) and Advanced Micro Devices (AMD). The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks advance after Wall Street closes out another winning weekHONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed as China stocks get bump from new property measuresAsian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks drift after Wall Street closes another winning weekHONG KONG (AP) — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »