The stock market has been experiencing some turbulence lately, with tech giants like Nvidia and Intel making waves with their quarterly reports. Nvidia, which is down about 7% after hours, reported profit and revenue, topping Wall Street estimates. However, the stock is selling off in extended trading. On the other hand, Salesforce is up 4% after hours, with CEO Marc Benioff expressing optimism about the company’s future prospects. CrowdStrike, however, is down more than 2% after reporting earnings this afternoon, as the cybersecurity giant cut guidance, leading to concerns among investors.
CNBC’s senior economics reporter Steve Liesman is covering what experts think is coming down the pike for the bond market. The yields on different Treasury notes are a key indicator of market sentiment. For example, the 10-year Treasury note is now yielding 3.83%, while the two-year Treasury note yields 3.86%. Liesman will explain the significance of the yields on the 2-year and 10-year being so close to each other, providing valuable insights into the bond market outlook.
Several retailers are set to release their quarterly reports, giving investors a glimpse into the health of the retail sector. American Eagle, Best Buy, Burlington Stores, Dollar General, Gap, Lululemon, and Ulta Beauty are some of the companies in focus. Each company’s performance over the past three months will be closely scrutinized, with analysts looking for trends that could impact their stock prices in the near future.
The “Fast Money” traders provided their insights into the market, with Guy Adami highlighting the divergence between gold and bitcoin. While gold has been gaining, bitcoin has been on a downward trend. This indicates a shift in investor sentiment and preferences, with each asset class having its unique appeal and risks. Investors will need to carefully monitor these trends to make informed decisions about their investment strategies.
The stock market is a complex ecosystem influenced by a multitude of factors. From the performance of tech giants to bond market yields and retail sector reports, investors need to stay informed and adaptable to navigate the market successfully. By analyzing recent trends and projections, investors can make informed decisions about their investment portfolios and strategies. Stay tuned for more updates and insights into the ever-evolving world of the stock market.