Interest Rate Optimism May Overshadow Negative Reaction To Nvidia Results

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 29 August 2024 10:54:21 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending the previous session mostly lower. Stocks may rebound following the tech-led weakness on Wednesday amid ongoing optimism about the outlook for interest rates. The Dow is likely to benefit from a surge by shares of Salesforce (CRM), as the business software maker is jumping by 4.4 percent in pre-market trading after reporting better than expected fiscal second quarter results and raising its full-year profit forecast. On the other hand, a slump by shares of Nvidia (NVDA) may limit the upside for the markets, with the AI darling tumbling by 3.1 percent in pre-market trading. The drop by Nvidia comes even though the company reported fiscal second quarter results that exceeded analyst expectations and forecast fiscal third quarter revenues above estimates. ?It looks like investors might not have taken the average of analyst forecasts to be the benchmark for Nvidia?s performance, inst... [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 First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous week's revised level of 233,000. Economists had expected jobless claims to come in unchanged compared to the 23... [Read More]( --------------------------------------------------------------- Europe European stocks have risen for a third straight session on Thursday and the euro has slipped against the dollar after data showed Spanish inflation eased to its lowest level in a year and a measure of Eurozone economic sentiment rose more than expected in August. Elsewhere, preliminary data showed inflation fell in six important German states in August, boosting bets on an ECB rate cut next month. The... [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.]( --------------------------------------------------------------- Asia Asian stocks declined on Thursday, with tech stocks bearing the brunt of selling after Nvidia's earnings forecast fell short of investor expectations. Investors also awaited the release of a key U.S. inflation reading on Friday that is likely to show that consumer price growth continued to run cool in July. The dollar was subdued in Asian trading ahead of the release of the latest U.S. GDP estimate and U.S. initial jobless claims figures later in the day. Gold ticked higher after a Federal Reserve official said its time to move on rate cuts. Oil rebounded from two days of losses after Ukraine's military said it had attacked an artillery depot and two oil storage facilities i... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.56 to $75.08 a barrel after slumping $1.01 to $74.52 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