Market Volatility Ahead: Nvidia’s Sell Signal and Fed Rate Cut Expectations
As futures for the Dow Jones, S&P 500, and Nasdaq 100 showed slight declines before Tuesday's open, Nvidia (NVDA) experienced a 1.7% drop, signaling potential concerns as it fell below key levels. This marks a loss following a recent breakout, with shares closing beneath their 50-day moving average. Meanwhile, Taiwan Semiconductor (TSM) neared a buy point.
Stock movements come amid uncertainty regarding the Federal Reserve's next steps. With consumer and producer price index data in focus, the possibility of a quarter-point rate cut is high. Retail sales and personal income data will further influence market sentiment.
Top-performing tech stocks, including Alphabet, Amazon, Apple, and Tesla, continue to make significant strides, with Alphabet and Amazon reaching new highs. Despite Nvidia's challenges, tech stocks appear resilient, making investors keenly watch upcoming data and the Fed's quarterly projections for 2025.
Key Market Insights :
- Nvidia Sell Signal: With its significant drop, NVDA has triggered sell signals.
- Fed Expectations: A quarter-point rate cut seems likely, but signals for 2025 remain a focal point.
- Retail and Economic Data: Retail sales and personal income data on the horizon could impact market direction.