The Nasdaq Floats as Oil Sinks and Memory Stocks Recover
Memory chips bounced back, oil sank, and hard assets kept climbing. Here's what moved the market ahead of Nvidia's big report.
Overview
Yesterday, memory chips fell apart on a China headline. Today, they got back up again. That's the market for you, one day before Nvidia (NASDAQ: NVDA) reports and everyone finds out whether the AI trade still has legs.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) leads with a 0.56% gain as of 12:13 p.m. ET. The S&P 500 (SNPINDEX: ^GSPC) follows at a 0.27% increase, and the Dow Jones Industrial Average (DJINDICES: ^DJI) added 0.22%. Small gains all around on a quiet day.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.