Published on 23 May 2024 on Benzinga
Nasdaq, S&P 500 Futures Ride Higher On Nvidia Boost: More Economic Data Keeps Traders Wary - Invesco...
Major U.S. index futures jumped early Thursday as Nvidia Corp.’s NVDA earnings provided a shot in the arm for the market. A couple of market-moving economic data on the job market and the manufacturing sector and a Federal Reserve official’s speech could also affect the day’s trading. Given the confounding rate outlook, the focus is likely to be squarely on these numbers to understand their implications for the Fed funds rate. A market strategist pointed to historical seasonal strength around May-end through early July.
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