Introducing Extreme Investor Network, your go-to source for the latest updates and insights on the stock market, trading, and Wall Street news. In today’s market recap, we dive into the latest movements in the tech sector, with a focus on NVIDIA Corporation.
Technology stocks took a hit, declining 0.4%, with NVIDIA leading the drop. This pullback comes after a strong performance in the previous session, where tech stocks saw their best day in over a week. Despite this, Thursday saw the S&P 500 and Dow closing at all-time highs, marking their best performance in over a month.
The recent rate cut by the Federal Reserve has also been a hot topic in the market. The Fed initiated a 50 basis points cut to support steady growth, low inflation, and robust employment numbers. While some investors are optimistic about the move, there are concerns about potential risks and the Fed’s strategy moving forward.
Looking ahead, market volatility could be on the horizon as we approach “triple witching” on Friday. This event, where options and futures linked to indexes and individual stocks expire simultaneously, often leads to fluctuations in trading volume and market prices. Traders should be prepared for potential heightened market swings leading into the weekend.
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