Nvidia’s earnings will be in focus next week as stocks try to sustain record levels

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The AI chipmaker could reinvigorate a trade that has the power to propel stocks higher at a time when market leadership has broadened.

All eyes will be on Nvidia next week as investors consider what's next for the AI trade. Stocks have reached all-time highs this week, crashing through one milestone after another as cooler inflation data cheered investors worried about a Federal Reserve that could keep interest rates higher for longer. The Dow Jones Industrial Average topped the 40,000 threshold for the first time ever. The S & P 500 broke above 5,300, also for the first time.

Minutes Earnings: Nvidia , TJX Cos ., Analog Devices , Target, Raymond James Thursday May 23 8 a.m. Building Permits 8:30 a.m. Chicago Fed National Activity Index 8:30 a.m. Continuing Jobless Claims 8:30 a.m. Initial Claims 9:45 a.m. PMI Composite preliminary 9:45 a.m. S & P PMI Manufacturing preliminary 9:45 a.m. S & P PMI Services preliminary 10 a.m. New Home Sales 11 a.m. Kansas City Fed Manufacturing Index Earnings: Intuit , Ralph Lauren Friday May 24 8:30 a.m.

Source: News Formal (newsformal.com)

Wall Street Business Markets Stock Markets NVIDIA Corp Palo Alto Networks Inc Autozone Inc Lowe's Companies Inc TJX Companies Inc Analog Devices Inc Target Corp Raymond James Financial Inc Intuit Inc Ralph Lauren Corp Business News

 

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