Posted 3/15/2024, 9:04:38 PM
Stocks Mixed Ahead of Busy Week Featuring Fed Meeting, Nvidia and Microsoft AI Events
- Dow Jones futures open Sunday, with the Fed meeting, Nvidia AI event, and Microsoft AI event headlining next week.
- The stock market had a mixed week, with the Nasdaq and Russell 2000 retreating below their 21-day lines.
- The Fed will likely signal a less aggressive rate cut path amid hot inflation. Markets will react strongly.
- Nvidia's 4-day AI conference starts Monday, with a new AI chip likely. It has big partners like Microsoft.
- Microsoft also hosts an AI event next week. Success in selling AI tools to customers is key for the space after Adobe flopped.