Finance

Stock Market Today: Indexes retreat; Nvidia takes aim at Amazon’s crown amid CEO Jensen Huang’s bullish view


The Dow Jones Industrial Average and other major stock indexes retreated from session highs in afternoon trading Monday. The Dow Jones Industrial Average rose 0.5%, or over 200 points, while the S&P 500’s gain fell to 0.1%. The Nasdaq also rose 0.1% in today’s stock market.




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Volume on the NYSE and Nasdaq fell from Friday’s levels, but trading breadth remained strong Today’s stock marketAdvancers outnumbered decliners by nearly 3-1 on the Nasdaq, but advances narrowed to about 7-3 on the New York Stock Exchange.

The small-cap Russell 2000 index was firm, rising 1.8%. The index is expected to rise for three consecutive days and has now topped 2,000 points.

Innovators IBD 50 ETF (FFTY) reversed course and fell 0.7% after rising for three consecutive days.

The benchmark 10-year Treasury yield fell 1 basis point to 4.17%.

January inflation data will be released on Tuesday. Economists expect inflation to edge up 0.2% after rising 0.3% in December. On an annual basis, they expect consumer prices to fall to 3% from December’s 3.4%. On Thursday, retail sales data expected January growth to fall 0.1% after rising 0.6% in December. economic dayEconomists expect prices to rise 0.2% after vehicle costs.

Dow Jones, Stock Market Today

Intel (International Trade Centre) rose, but other technology stocks lagged in the Dow. apple (AAPL) fell further below the 50-day moving average. sales force (customer relationship management) also fell with the release of fourth-quarter results on February 28.

Retail stocks in the Dow Jones Industrial Average fared better.

Walgreens Boots Alliance (world boxing association) increased by more than 2%, while The Home Depot (HD) increased by more than 1%. Walmartof(WMT) gain is small, 0.4%.

Video imaging companies other than Dow Chemical Projector imaging (basal metabolic rate) rose further, rising 770% on the basis of 500% in the morning.The company has partnered with Nvidia (NVDA) and will present its research results on automatic video cloud services. BMR was trading around $2 a share in premarket trading, but was trading at $18 in afternoon trading.

At the same time, Nvidia CEO Jensen Huang pointed out at a global summit that data center expenditures set to double NVDA shares rose to a record high on Monday, with a market capitalization of $1.81 trillion. amazon.comof(Amazon) 1.8 trillion U.S. dollars, according to IBD Market SmithNvidia would become the fourth-largest U.S. company by market capitalization, according to Dow Jones Market Data.

Nvidia is scheduled to report fourth-quarter results on February 21. Melius Research analysts raised Nvidia’s target price from 750 points to 920 points.

shares monday.com (MinnidiShares of the software company plummeted 10% after the software company reported fourth-quarter results.Although it exceeded expectations, Company prospects are disappointingShare prices are recouping some losses.

Oil trades boost FANGs

In energy news, Diamondback Energy (square) plans to acquire private oil and gas producer Endeavor Energy Resources for $26 billion. Today, the FANG stock market rebounded from the 50-day moving average and is bottoming, with the stock price rising 9.5% on heavy volume.

The cash and stock deal follows several other recent agreements by the oil and gas producer group, including Exxon Mobilof(XOM) deal with pioneer natural resources corp. (PXD). Last year, Warren Buffett supported occidental petroleum corp. (oxygen) reached a similar agreement with CrownRock.

rhythm design system (CDNS) will announce its fourth-quarter results after the close today. At the same time, Monday’s financial report will be released. Lattice Semiconductor (Throat cancer) has returned to the 50-day moving average and is testing resistance near 71. In terms of medical research services, Medipes Holdings (MEDP) broke out last week and was in buy territory at a buy point of 317.57 before taking profits after the market closed today.

NXP Semiconductors (NXP) broke through 238.27 points today. The stock returned to its 50-day line after reporting earnings on February 5.

Please pay attention Vrama Krishnan Get more of today’s stock market news on X/Twitter.

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