NVIDIA Briefly Top U.S. Market Cap Rankings

Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.NVIDIA's outperformance in Q2 has led to a less inclusive rally in U.S. indices, with fewer stocks trading above their 200-day simple moving averages. The Fed's push back on rate cuts has subsided bullish momentum in US indices, and the new earnings season kicks off in July. Analysts recently raised full-year earningsto 11.

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