Beat the street: NVIDIA; FOMC minutes; Amazon in, Walgreens out
NVIDIA, seen as integral to the market's recent rally and the broader prospects for AI-related technologies, swings into focus with its earnings.
Traders eye minutes from the Federal Reserve's latest policy meeting for clues on the central bank's rate cut timing. Plus, Amazon is set to replace Walgreens Boots Alliance in the Dow Jones Industrial Average at the start of trading on 26 February.
(AI Video Summary)
Highly-anticipated NVIDIA earnings report
Today's edition of "Beat the Street" talks about the impact of NVIDIA's upcoming earnings report on the stock market. NVIDIA has been doing really well, and its shares have been growing a lot. People are excited to hear about the earnings report, especially when it comes to the increasing cost of AI. Big financial companies like Goldman Sachs and Bank of America have even raised their price predictions for NVIDIA, which is making investors feel optimistic.
FOMC minutes to determine outcome of rate cuts
The FOMC minutes are another market event that people are looking forward to. These minutes will give us clues about when the Federal Reserve might cut interest rates. It'll show us if they are making decisions based on the latest data.
More significant market updates
Something else that's happening is that Amazon is going to replace Walgreens Boots Alliance on the Dow Jones. This is a big deal because the Dow is a top index, and Amazon's inclusion shows how much it's worth on the market.
The video also talks about how the price of cocoa in New York has gone way up because of bad weather and not enough supply. People are worried about the next cocoa crop and the possibility of there being a shortage for the fourth year in a row.
Towards the end of the video, Axel Rudolph analyses the Nasdaq 100 market and talks about how it's been going down lately. He looks at some technical signs to see if there's a chance for the market to go back up or if it'll keep going down.
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