Indices Show Signs of Bottoming Out, With Nvidia Stock Leading
Stock markets have been extremely volatile and yesterday we saw a major slump. But, the fall stopped and today they're making some gains.
Stock markets have been extremely volatile recently, and yesterday we witnessed a significant slump. However, the drop came to a halt in the late US session, and we saw a retrace higher, which is continuing to improve today as upward momentum persists. Major US market indices are rising in early trading, with the S&P 500 up about 1% and the NASDAQ up roughly 0.60%. Despite yesterday’s dramatic drops, which saw the S&P and NASDAQ fall by more than 3%, several critical levels are in play that will help define whether these broad indices are more bullish or bearish moving forward.
US stocks opened higher today, with minor gains reported despite the Nikkei regaining more than 10% after falling more than 12% yesterday. The technology sector is flourishing amidst this volatile market, with Nvidia (NVDA) leading the way upward once more, with gains of more than 3.5% today after a bullish opening.
Nvidia Chart Daily – Moving Above the 100 SMA
Technology Sector Positive Performance
Today’s stock market depicts a surprising mix of volatility across different industries in this sector, with technology leading the way. This performance contrasts with that of consumer electronics giant Apple stock, which fell 1.5%, suggesting a possible shift in investor sentiment within the tech industry. Beyond Nvidia, other technology companies such as Microsoft (MSFT) and Adobe (ADBE) also saw increases, indicating a broader positive trend in the IT sector.
Nvidia Stock Live Chart
[[nvda-graph]]
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals