Time: 2024-07-15
On Wednesday , the Stock market saw mixed movements as Dow Jones futures edged higher while S&P 500 futures and Nasdaq futures rose modestly . Nvidia , the chipmaker , and Taiwan Semiconductor Manufacturing ( TSM ) experienced growth due to the ongoing AI chip boom . Both companies reported strong sales , especially in the high - end Artificial intelligence chip sector . Nvidia 's stock rose significantly before the market opened , and Tesla also showed signs of a powerful winning streak.
Taiwan Semiconductor reported a substantial increase in sales , with a 32.9 % jump in June compared to the previous year . The second - quarter revenue also surged by 40 % to 0.83 billion , surpassing expectations . The company , which supplies chips to Nvidia , Apple , and Broadcom , is set to report earnings on July 18 . The stock market rally had a relatively quiet session on major indexes , with the Dow Jones Industrial Average falling slightly , the S&P 500 and Nasdaq edging up , and the Russell 2000 experiencing a decline.
Despite the mixed market movements , various ETFs showed positive trends , including the Innovator IBD 50 ETF and the SPDR S&P Metals & Mining ETF . Tesla stock continued its winning streak , aiming for an 11th straight advance , while Nvidia stock also showed positive growth . Embraer and Diamondback Energy were among the stocks in buy areas , signaling potential opportunities for investors . The current market conditions suggest caution and vigilant monitoring of stock movements.
As the market awaits more testimony from Federal Reserve Chairman Jerome Powell , investors are advised to adjust to changing market conditions and pay attention to upcoming earnings reports . The stock market today presents opportunities in companies like Carvana , Meta Platforms , Monday.com , and Palantir Technologies . Dow Jones leaders like Amazon , Apple , and Microsoft are also showing promising trends . Overall , it is crucial for investors to stay informed , analyze market trends , and make strategic investment decisions based on current market dynamics.
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