Tech Earnings Lift Markets to New Highs; Fed Testimony, Retail Results Still Ahead
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Markets fluctuated early last week before staging a rally late in the week, propelling the Nasdaq to a new high. Major indexes logged monthly gains.
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AI and tech stocks like Nvidia, Dell, and Super Micro Computer surged on strong earnings and demand outlook.
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Fed Chair Powell testifies before Congress this week. Markets watching for signals on rate cuts, but continued jobs strength could delay easing.
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Q4 earnings season wrapping up, but some big reports still due from Broadcom, Costco, Target, Ross Stores, CrowdStrike, and others.
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Multiple dividend-paying companies like Nvidia, Cigna, Home Depot, BlackRock, and ADP have ex-dividend dates this week.