Wall Street Successfully Regains Positive Momentum

thecekodok


The US stock market is still seen as strong when it recorded an increase on Thursday after being influenced by the increase in NVIDIA shares up 5.2% which boosted investor confidence in technology stocks, especially those related to artificial intelligence (AI).


The increase in NVIDIA shares also relieved investors after the DeepSeek issue which caused US technology stocks to fall earlier.


Market sentiment was also seen as positive driven by positive earnings reports and strong economic data.


Concerns about tariffs also eased for a while as the US and its trading partners were cautious and avoided making hasty decisions.


On Wednesday, most indexes managed to record an increase but the most notable was the Dow Jones with an increase of 0.71% while the Nasdaq and S&P 500 with 0.19% and 0.39% respectively.


Investors are now watching Amazon's upcoming earnings report and US unemployment benefit claims.

Tags