Hourly Market Review - Mar 19, 2024 15 PM
1min read 
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.