Asia Markets Down, Europe Rises While Crude Advances - Global Markets Today While US Slept (CORRECTED)
Portfolio Pulse from Akanksha Bakshi
U.S. markets closed higher with the S&P 500 hitting a record high, driven by Oracle's rally and positive consumer price data. Oracle announced a collaboration with Nvidia, boosting their shares. Asian markets saw mixed results, while European markets and commodities, especially crude oil, traded higher. Economic data showed a rise in inflation to 3.2% year-over-year in February 2024.
March 13, 2024 | 11:22 am
News sentiment analysis
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POSITIVE IMPACT
Nvidia's collaboration with Oracle is expected to positively impact its stock as it highlights Nvidia's leadership in AI chips.
The collaboration with Oracle not only showcases Nvidia's strength in the AI chip market but also opens up new business opportunities. This positive development is expected to attract investor interest and potentially increase NVDA's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Oracle's shares reached a record high after announcing strong quarterly results and a collaboration with Nvidia.
Oracle's strong quarterly performance and the announcement of a significant collaboration with Nvidia are likely to boost investor confidence and demand for ORCL shares, driving up its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100