Hourly Market Review - Mar 19, 2024 15 PM

• Stocks rose on Tuesday, with the Dow Jones Industrial Average up 0.6%, the S&P 500 climbing 0.4%, and the Nasdaq Composite advancing 0.1%.

• The Federal Reserve began its two-day policy meeting, and it is expected to keep rates unchanged. However, recent inflation reports have raised concerns that interest rates may remain higher for longer.

• Treasury yields dipped, boosting stocks. The 10-year Treasury yield was down 3 basis points at 4.312%.

• Nvidia's stock climbed 0.9% after its CEO unveiled the company's latest AI chip, Blackwell, at its GTC Conference. The chip is touted as a significantly more powerful successor to its current AI chips.

• Super Micro Computer, a vendor for Nvidia's AI servers, dropped more than 9.5% after announcing a share offering.

• MicroStrategy, a bitcoin proxy, dropped more than 8% as the recent bull run in bitcoin and related stocks appears to be slowing down.




Movers of the hour:


Aeva Technologies is up 415.84% at $5.21.  

Fusion is up 98.45% at $21.12.  

Enliven is up 37.23% at $17.35.  

Spire Global is up 35.95% at $16.70.  

Li-Cycle Holdings is up 29.00% at $1.42.  



Here are the top stocks upgraded by Wall Street analyst:

Microsoft has received a rating of Strong Buy from Jefferies with target price increased to $465 from $465.

Microsoft has received a rating of Strong Buy from DA Davidson with target price increased to $500 from $500.

Nvidia has received a rating of Buy from Oppenheimer with target price increased to $850 from $650.

Nvidia has received a rating of Strong Buy from Truist Securities with target price increased to $911 from $691.

Nvidia has received a rating of Strong Buy from Tigress Financial with target price increased to $985 from $790.