US Stocks Settle Higher As Investor Sentiment Improves: Nasdaq On Course To Gain 19% In First-Half Of 2024 Following Nvidia Surge
Portfolio Pulse from Avi Kapoor
US stocks closed mostly higher on Wednesday, with the Nasdaq Composite gaining around 0.5%. The Nasdaq is on course to record a gain of 18.6% for the first half of 2024, driven by a surge in NVIDIA shares. Amazon.com hit new all-time highs, with BofA Securities raising its price target. Investors are awaiting earnings results from Walgreens Boots Alliance, NIKE, and Acuity Brands.
June 27, 2024 | 7:13 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Investors are awaiting earnings results from Acuity Brands, which could impact its stock price.
The upcoming earnings report could lead to volatility in Acuity Brands' stock price, depending on the results.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from NIKE, which could impact its stock price.
The upcoming earnings report could lead to volatility in NIKE's stock price, depending on the results.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Walgreens Boots Alliance, which could impact its stock price.
The upcoming earnings report could lead to volatility in Walgreens' stock price, depending on the results.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Amazon.com hit new all-time highs, with BofA Securities raising its price target from $210 to $220.
Amazon's new all-time highs and the raised price target from BofA Securities suggest strong market confidence and potential for further price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
NVIDIA shares surged, contributing significantly to the Nasdaq's projected 18.6% gain for the first half of 2024.
NVIDIA's strong performance is a key driver for the Nasdaq's overall gain, indicating positive investor sentiment and potential for continued growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90