By Shesa Nayak Welcome to Shesa’s investment Blog! U.S Stock Market Update The month of August was another productive month for the stock market. The Nasdaq rose approximately 4% , the S&P 500 gained 2.7% , the Dow was up 1.5% , and the small-cap Russell 2000 advanced about 1%. Although most major stock indexes are trading near their peaks, however roughly 40-50% of Nasdaq-100 stocks are trading more than 20% below their 52-week highs. On August 26, Nvidia ( NVDA ) delivered another outstanding quarter . Revenue more than doubled year-over-year ...
Welcome to my weekend updates Last week began on a mixed-to-soft note, with tech and semiconductor stocks under pressure. However, momentum improved midweek following fantastic earnings results and upbeat forward guidance from Nvidia, Salesforce, and CrowdStrike. Nvidia delivered strong revenue guidance, driven by continued strength in AI and data centers, while Salesforce and CrowdStrike also reported impressive results. The strong earnings helped lift the Nasdaq and broader technology sector on Thursday. However, on Friday, we saw a modest pullback as Fed Chair Kevin Warsh’s comments reiterated the Fed’s focus on fighting elevated inflation. His Jackson Hole speech was interpreted as hawkish, raising expectations that the Fed could consider further rate hikes in the near future. Let’s take a look at how the major stock indices performed last week. S&P 500: +0.5%, Closed at 7,711.76 | Year-to-Date: up +12.7% Dow Jones: +0.5%, Closed at 53,559.99 | Year-to-Date: up +...
Welcome to my weekend updates Last week most of the U.S. indexes finished the week mixed. The market extended its recent winning streak on the S&P 500 and Nasdaq, supported by cooling CPI/inflation data and solid corporate results from some AI Data Center companies. This year the small-caps stocks outperformed, suggesting broader participation. So far, Q2 earnings season continued to impress, with a high percentage of S&P 500 companies beating estimates and overall earnings growth tracking around 50% , well above earlier forecasts as AI adoption continues. The AI infrastructure spending and related semiconductor companies have been delivering great results. More importantly, the CPI and PPI data were good for investors as it reduced market odds of a September Fed rate hike from around 50% earlier in the week to around 30% by Friday. Here is how the stock indices performed for the week: S&P 500 was up +0.4% to close at 7,785.76, marking its third c...
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