Upbeat Nvidia Earnings Likely To Spark Early Rally On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 23 May 2024 09:30:32 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to lead an early rally following upbeat quarterly results from Nvidia (NVDA). Shares of Nvidia (NVDA) are soaring by 7.0 percent in pre-market trading after the AI darling reported better than expected fiscal first quarter results and provided upbeat guidance. Nvidia also announced a ten-for-one stock split of its common stock and increased its quarterly cash dividend by 150 percent to $0.10 per share. However, concerns about the outlook for interest rates may continue to hang over the broader markets following yesterday?s slightly hawkish Fed minutes. With the minutes signaling rates are likely to remain higher for longer than previously expected, the chances rates will be lower by September have fallen to 68.6 percent, according to CME Group?s FedWatch Tool. Potentially adding to the rate concerns, the Labor Department released a report this mor... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th. The Labor Department said initial jobless claims slid to 215,000, a decrease of 8,000 from the previous week?s revised level of 223,000. [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Snowflake (SNOW) are seeing significant pre-market strength after the cloud computing company reported better than expected fiscal first quarter revenues and provided upbeat guidance. [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks are mostly higher on Thursday after British Prime Minister Rishi Sunak called a general election for July 4 and a survey showed business activity in the euro zone accelerated in May. The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global improved to 52.3 from 51.7 in April. That was the highest reading in 12 months. While the U.K.?s FTSE 100 Index is just above the unchanged line, the German DAX Index is up by 0.4 percent and the Fr... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended Thursday's session mixed as rate worries lingered and China announced immediate military drills around Taiwan, marking a concerning escalation in the tensions between Taiwan and China, which has long claimed sovereignty over the island. Hawkish minutes from the Federal Reserve's last policy meeting boosted the dollar, which hovered near a one-week high following its best day this month against major peers. Gold pulled back further from record highs after the Fed meeting minutes revealed... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.71 to $78.28 a barrel after tumbling $1.09 to $77.57 a barrel on Wednesday. Meanwhile... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49