Tech Stocks May Lead Early Uptick On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 28 May 2024 09:15:34 [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 modestly higher open on Tuesday, with tech stocks likely to see further upside after leading the markets higher last Friday. Shares of Nvidia (NVDA) are surging by 3.0 percent in pre-market trading, as the AI darling seems poised to continue to benefit from last week?s upbeat earnings news. Nvidia reported better than expected fiscal first quarter results and provided upbeat guidance while also announcing a ten-for-one stock split and increasing its quarterly cash dividend by 150 percent to $0.10 per share. The S&P 500 futures are also inching up by 0.1 percent, although the Dow futures are edging down by 0.1 percent. The blue chip index may continue to underperform after pulling back sharply last week. Overall trading activity may be somewhat subdued, however, as traders look ahead to the release of key inflation data later this week. On Friday, the Commerce Department is due to release its report on personal income and spending in the month of April, which includes readings on inflation said to be preferred by the Federal Reserve. The inflation data could have a significant impact on the outlook for interest rates ahead of the Fed?s next monetary policy meeting on June 11-12. ... [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]( Standard & Poor's is scheduled to release its report on home prices in major metropolitan areas in the month of March at 9 am ET. At 9:55 am ET, Minneapolis Federal Reserve President Neel Kashkari is due to speak and participate in a pan... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of GameStop (GME) are skyrocketing in pre-market trading after the video game retailer said it raised approximately $933.4 million from its previously disclosed ?... [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 have moved mostly lower during trading on Tuesday as investors await key inflation readings from the U.S. and Eurozone this week for directional cues. Meanwhile, an ECB survey showed earlier today that consumers lowered their inflation expectations last month. Eurozone consumers' expectations for inflation in the next 12 months eased to 2.9 percent from 3.0 percent a month earlier to hit their lowest level since September 2021. German wholesale prices declined at a slower pace in April, separate data published by Destatis revealed. Wholesale prices dropped 1.8... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks fluctuated before closing lower on Tuesday, as investors remained focused on upcoming U.S. and European inflation data for additional clues on the path of interest rates. The dollar extended weakness to hit a one-week low as market participants awaited the U.S. PCE price index report due later this week as well as speeches from Fed officials for more clarity on the outlook for monetary policy. Traders also looked ahead to the release of German and Eurozone inflation figures this week that could cement expectations for an ECB rate cut next week. Oil and gold prices... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are surging $1.32 to $79.04 a barrel after climbing $0.85 to $77.72 a barrel last Friday. Mea... [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