Normally, when Nvidia stock goes up, so does the market. That wasn't the case this past earnings season.
New York Federal Reserve President John Williams stated on Thursday that there is "ample evidence" that the current monetary policy is having a restrictive impact, signaling a cautious stance on any immediate changes to interest rates.
Earnings estimates for the S&P 500 holding up better than normal is one of the key reasons Wall Street strategists are optimistic about the path for stocks in the second half of 2024.