Metals rally, Nasdaq hits a high: Market takeaways

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Alexandra Canal,Nasdaq

It was another busy day on Wall Street, with investors closely keeping an eye on earnings reports. Stocks ended the day mixed (^DJI,^GSPC, ^IXIC), with the...

), though. Investors seem to be on pause while they await the chip company's quarterly results on Wednesday after the market close.Well, the NASDAQ rising to a new record today, boosted by in video as investors await the chip makers latest earnings report.And we saw long time Bear Mike Wilson from Morgan Stanley.

And then, and then there's geopolitics as well because if gold is seen as a haven, right is a good store of value. Of course, there is that possibility if we see any sign of weakness now, only could it affect NVIDIA stocks, but really all the adjacent A I stocks that have really benefited from this boom.

So there's that sort of effect it has, it's accounted for a lot of their earnings growth in the S and P 500.I will note it, we are not gonna continue to see these types of numbers likely as we get further out from that blowout quarter that you mentioned because the comps were gonna get tougher and the growth rate will go likely to go down.

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 looking for some great TSX stocks to buy in 2024? The market is full of options, but these two scream "long-term opportunity" right now. The post 2 TSX Stocks to Buy in 2024 and Hold for the Next 10 Years appeared first on The Motley Fool Canada.

 

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