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Nasdaq 100 Forecast :QQQ hovers around record highs in a quiet start
After soaring in the previous session, US stocks are pointing to a quiet open. Stocks surged to record highs yesterday, inspired by AI chip designer Nvidia's results and outlook. Today the US economic calendar is quiet. Some attention could go to Fed governor Christopher Waller's comments after he pushed back on the need for immediate rate cuts. The USD is set to fall this week - the first weekly decline in 2024.
S&P500 Forecast: SPX hits a record high after Nvidia earnings
S&P 500 rises to a fresh all time high after blowout Nvidia results. Nvidia posed a 265% rise in revenue and a 769% rise in net earnings sending the share price 13% higher. Note that profits are rising by more than the share price! The market is overlooking US jobless claims which fell to 201k, supporting the Fed's view that it is too early to cut rates.
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Nasdaq 100 Forecast: QQQ slips ahead of FOMC minutes, Nvidia earnings
US stocks are heading for a weaker open as investors look cautiously ahead to the release of the minutes to the January FOMC meeting and to Nvidia earnings after the close. Investors will be looking to see whether the minutes push back on rate be expectations and whether Nvidia, the AI chipmaking giant can live up to the hype surrounding its stock and a future with AI.
Nasdaq 100 Forecast :QQQ rises after earnings from Meta, AMZN & a strong NFP report
US stocks point to a mixed open, and Nasdaq futures are off session highs after US non-farm payroll data smashed forecasts, with 353k jobs added in January above 180k forecasts. December's numbers were also revised higher to 333k. Meanwhile, upbeat results from Meta and Amazon. Apple is set to fall despite beating profit and revenue forecasts.
S&P500 Forecast: SPX rises after the Fed inspired selloff
US stocks are pointing to a positive open, recovering after a steep selloff yesterday when Fed Chair Powell pushed back on a March rate cut, saying that it was not his base case scenario. US jobless claims and Challenger cuts point to a slight weakening in the labour market ahead if tomorrow's non-farm payroll report. Big tech is in focus with Apple, Amazon and Meta due to report after the close.
S&P500 Forecast :SPX flat ahead of a busy week
US stocks are pointing to a flat open as investors sit on the sidelines ahead of a busy week with US tech stock earnings and the Federal Reserve interest rate decision due on Wednesday. The Fed is expected to leave interest rates on hold in January and the market is looking for clues over when the Fed may start to cut rates. Microsoft and Alphabet report earnings tomorrow after the close.
S&P500 Forecast :SPX struggles after personal spending jumps
US stocks are pointing to a nixed open after US core PCE eased to 2.9% YoY in December, but personal spending jumped 0.7%, supporting the view that the US is heading for a soft landing, but the Fed may not need to cut interest rates soon. Intel is set to fall on the open after disappointing Q1 guidance.
Nasdaq 100 Forecast: QQQ rises after Q4 GDP growth, Tesla falls
US stocks are heading for a higher start despite Tesla's disappointing outlook and after stronger-than-expected GDP data. US GDP rose 3.3% in Q4 annualized, ahead of the 2% forecast but down from 4.9% in Q3. Treasury yields declined after the data, lifting stocks and dragging on the USD. Earnings continued to roll in. Tesla points to an 8% fall after missing on both the top and bottom line and warning of slower growth in 2024.
S&P500 Forecast: SPX hits fresh record highs as Netflix soars
US futures rise to record highs, boosted by tech stock earnings optimism and hopes that he US economy will achieve a soft landing. Netflix is set to open almost 10% higher after strong subscriber numbers and a Q4 earnings beat. US PMI data is due shortly and could support the soft landing narrative. Watch for Tesla earnings after the close.
Dow Jones Forecast: DJIA eases from a record high, earnings are in focus
US stocks head for a muted start after record highs in the previous session. Amid a lack of economic data, all eyes are on a slew of earnings. Netflix will report after the close. Looking ahead, US Q4 GDP and core PCE are in focus towards the end of the week.
S&P500 Forecast : SPX rises ahead of key data and earnings this week
US stocks are pointing to a higher open after reaching record levels last week. Optimism surrounding rate cuts drove stocks higher at the end of last year, and all three US indices are trading higher so far in 2024 despite a wobbly start. Attention this week will be on US Q4 GDP and core PCE, as well as earnings from the likes of Tesla and Netflix.
SP500 Forecast: SPX rises with tech stocks leading the way
US stocks point to a higher open after gains in the previous session. Tech and chips stocks are once again in favour, lifting the indices higher, despite Fed officials playing down the need for early rate cuts.
NASDAQ 100 Forecast: QQQ rises after solid data and on AI optimism
US stocks point to a broadly upbeat start, boosted by soft landing hopes and AI optimism after an encouraging outlook from TSM. Meanwhile, US jobless claims and housing data pointed to a resilient economy despite interest rates at a 22-year high. Looking ahead Atlanta Fed President Raphael Bostic is due to speak. Any comments regarding the outlook for interest rates could influence the market.
S&P 500 Forecast: SPX falls after retail sales cast doubts over early Fed rate cuts
US stocks are pointed to a weaker start after stronger-than-expected retail sales, and Fed speakers cast doubts over early Fed rate cuts. Retail sales rose by more than forecast, highlighting the resilience of the consumer despite interest rates at a 22-year high. Meanwhile, oil prices are tumbling after weaker-than-expected growth in China raises concerns over the oil demand outlook.