• English
  • Deutsch (German)
de
Become a Member
Notification Show More
Latest News
Analyst Calls: Boeing 🟢, Micron 🔴, Nvidia 🟢, Shopify 🔴 etc.
Analyst Rating Updates
Market now net-SHORT as concerns rise that year-end rally went too far
Daily updates
Stocks struggle after four weeks of gains as sentiment worsens; USD heads for steepest monthly drop for the year
Daily Markets Wrap
Analyst Calls: Novartis 🔴 , Nvidia 🟢, Tesla 🔴 etc.
Analyst Rating Updates
Stock market rally fades with declining trading volumes; Weak China data
Daily updates
Aa
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartTraderSmartTrader
  • Markets
    • Indices
      • S&P 500
      • Nasdaq 100
      • Dow Jones
    • Stocks
      • Alphabet (GOOGL)
      • Amazon (AAPL)
      • Apple (AAPL)
      • ExxonMobil (XOM)
      • JPMorgan (JPM)
      • Meta Platforms (META)
      • Microsoft (MSFT)
      • Netflix (NFLX)
      • Nvidia (NVDA)
      • Tesla (TSLA)
  • Analysis
    • Daily Updates
    • Daily Markets Wrap
    • Analyst Rating Updates
  • Brokers
  • Trading
    • Economic calendar
    • Glossary
  • Track Record
    • August 2023
    • September 2023
    • October 2023
  • Campaign
    • Stronger together
    • Track your progress
    • Rewards and Milestones
  • Join Us
    • VIP membership
    • Membership
    • Account
  • About us
    • About company
    • About Robert Lindner
Reading: Global stocks higher with technology stocks leading gains after Nvidia reports stellar earnings report + very optimistic revenue forecast
Share
Aa
SmartTraderSmartTrader
Sign Up
Search
  • Markets
    • Indices
    • Stocks
  • Analysis
    • Daily Updates
    • Daily Markets Wrap
    • Analyst Rating Updates
  • Brokers
  • Trading
    • Economic calendar
    • Glossary
  • Track Record
    • August 2023
    • September 2023
    • October 2023
  • Campaign
    • Stronger together
    • Track your progress
    • Rewards and Milestones
  • Join Us
    • VIP membership
    • Membership
    • Account
  • About us
    • About company
    • About Robert Lindner
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

JOIN US

×
Free Membership
VIP Membership
SmartTrader > Daily Markets Wrap > Global stocks higher with technology stocks leading gains after Nvidia reports stellar earnings report + very optimistic revenue forecast
Daily Markets Wrap

Global stocks higher with technology stocks leading gains after Nvidia reports stellar earnings report + very optimistic revenue forecast

SmartTrader Analyst Team
SmartTrader Analyst Team August 24, 2023 4 Min Read
Share
SHARE

📆 Thursday, August 24

â–º The S&P 500 futures climbed by 0.7% while Nasdaq 100 futures advanced over 1%, building upon gains from Wednesday. A significant contributor to this positive trend was Nvidia, which reported better-than-expected earnings and projected quarterly sales of $16 billion, surpassing already optimistic analyst expectations widely.

â–º The Stoxx Europe 600 index rose by 1%, further supported by gains in Nvidia's European counterparts such as German chip company Infineon Technologies. Asian markets also saw a positive shift with Hong Kong stocks experiencing their best performance in a month, primarily led by tech companies – also with a noticeable Nvidia boost.

â–º Despite the impressive stock performance, Treasuries remained relatively stable after their jump on Wednesday. A softer-than-expected US PMI data for August, mirroring underwhelming data from the Eurozone, seemed to affirm the market's expectation of no future rate hikes, particularly benefiting AI and tech stocks.

Subscribe to see more

SmartTrader Analyst Team August 24, 2023
Share this Article
Facebook Twitter Email Print
Previous Article Analyst Calls: Amazon 🟢 , Apple 🟢, JPMorgan 🟢 etc.
Next Article Wall Street benefits from stellar Nvidia report + forecast
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

SmartTrader
SCIS

Risk Warning: Trading in Forex/CFDs and Other Derivatives is highly speculative and carries a high level of risk. Results are not typical and will vary from person to person. Making money trading takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. All the information are only for educational purpose and are no investment advice. Any investment is at your own risk. 74 %-89% of retail investor accounts lose money when trading CFDs with these providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The Valero Tower, 122 Valero
Makati, 1227 Metro Manila

Terms of Use
Privacy Policy

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?