Markets This Week, 8/28-9/01, 2023: “Proceed Carefully” - TipRanks.com

NVDA reported strong earnings, Powell's speech caused initial market decline but rallied on Friday, upcoming prominent earnings reports from CRM, DELL, and AVGO, upcoming ex-dividend dates for EA, HD, QCOM, GS, PEP, and others, and important economic reports on consumer confidence, GDP growth, inflation, and employment.

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Relevant topic timeline:

8/23/2023

Investors look to AI-darling Nvidia's earnings as US stocks rally wobbles

Investors are hopeful that Nvidia's upcoming earnings report can reignite the U.S. stocks rally, following a 2023 increase in the company's shares and the broader equity rally.

8/24/2023

Stock Market Today: Dow, Nasdaq Fall After Nvidia Blowout Earnings

Despite Nvidia's strong earnings, stocks closed lower due to mixed economic signals and the decline of big tech stocks such as Tesla and Amazon.com. Investors are awaiting Jerome Powell's speech for insight into interest rates, while the 10-year Treasury yield climbed and Dollar Tree's stock fell.

8/26/2023

Wall Street Breakfast: What Moved Markets

Stocks rallied as investors responded positively to Federal Reserve Chairman Jerome Powell's comments on strong economic growth, while bond market volatility continued and property sales fell; chip designer Arm filed for a Nasdaq listing; Nvidia reported strong Q2 results; the SEC voted to strengthen regulations on private equity, hedge funds, and venture capital; and the BRICS nations sent invites to six countries to join the bloc.

8/29/2023

Has Jerome Powell Lost His Relevance?! - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), NVIDIA (NASDAQ:NVDA)

Investors eagerly awaited Nvidia's earnings report, which beat expectations, but the market rally was short-lived due to Federal Chair Jerome Powell's speech at Jackson Hole, with the Nasdaq falling over 2% and bulls losing hope; however, there is optimism for a potential turnaround next week with upcoming economic data events.

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Posted 8/27/2023, 7:56:29 AM