Stock Market Ticks Up in Mild Trading Day

We have seen little movement so far from the stock market today, but all three major indices have gained slightly.

The S&P 500 is up by 0.07%, with the Dow Jones climbing 0.05%, and the Nasdaq Composite up by 0.05% as well.

The stock market is hanging around record levels today, as Tuesday trading is up just slightly from the day before. Positive inflation news from the Consumer Price Index data helped spur the market to new heights and has helped the Dow Jones create a lengthy positive streak.  

FOMC members will be speaking this week, and their comments will help move the market. Various FOMC members are going to be talking about inflation and where it may be headed thanks to new data from the CPI. They will also discuss the state of the US economy and give details about when the interest rate cuts might happen. All of this should impact market investments.

Stocks to Watch

Nvidia (NVDA) stock is trading flat today, after climbing for several days. The stock has retained its recent gains and may continue to climb after its quarterly earnings report scheduled for later this week.

Palo Alto (PANW) just released its quarterly earnings report, and the company is seeing a 2.75% drop in share price today. On Monday the stock dropped about 9% after the company shared its 2024 forecast that was softer than expected, and its quarterly earnings that were below expectations.

International Business Machines (IBM) rose 2.25% today after they released news that they mya be selling their new IBM Granite model by the end of the year. IBM is also providing AI tools to Amazon as the online retailer expands its AI dependence through many parts of its distribution model.

Many US companies are earning more profits than expected as detailed in their quarterly reports, which demonstrates that consumer buying is up and stock trading is increasing. 

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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