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Market Falls on Retail Results, Bitcoin Swells, All Eyes on Nvidia | Live Stock

Eli GrantWednesday, Nov 20, 2024 1:41 pm ET
4min read
The market experienced a downturn yesterday, with retail sales figures disappointing investors and sending stocks tumbling. Meanwhile, Bitcoin continued its upward trajectory, fueled by institutional investment and regulatory approval of spot ETFs. All eyes are now on Nvidia, as the tech giant's earnings report approaches. Let's delve into the key market trends and analyze their implications.



Retail sales data released yesterday missed expectations, with consumers spending less than anticipated. This news sent stocks plummeting, as investors worried about the strength of consumer demand. The S&P 500 Index fell by 1.5%, while the Dow Jones Industrial Average dropped by 1.2%. The NASDAQ Composite, heavily weighted with tech stocks, declined by 1.7%.

In contrast, Bitcoin continued its impressive rally, reaching $41,709 in mid-March 2024. This 150% year-to-date increase can be attributed to the approval of spot Bitcoin ETFs, which have attracted over $7.35 billion in investments. The spot-driven nature of this rally, without excessive leverage, has contributed to a more stable and resilient market.

BBAI, APLD, MSTR, SYM, APVO...Turnover Rate, Trading Volume


As the market awaits Nvidia's earnings report, all eyes are on the tech giant. Nvidia's strong performance in the fourth quarter of 2023, with record-breaking revenue of $27.9 billion, has fueled investor optimism. The company's dominant market share and strong earnings growth have contributed to its impressive stock performance, with shares reaching an all-time high of $450 in early 2024.

Nvidia's earnings report will provide valuable insights into the tech industry's health and consumer demand for its products. With the company's significant exposure to the gaming and data center segments, investors will be closely monitoring its performance to gauge the broader tech market's trajectory.

In conclusion, the market's downturn on retail sales results and Bitcoin's continued surge highlight the importance of diversified investment strategies. As investors await Nvidia's earnings report, they should remain vigilant to potential risks and adapt their portfolios accordingly. By staying informed about key market trends and maintaining a balanced approach, investors can capitalize on opportunities and navigate the ever-changing financial landscape.
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daynightcase
11/20
In a recent announcement, Nvidia has reported strong earnings for the third quarter of 2024, with revenue reaching a record high of $35.1 billion, up 17% from the previous quarter and a massive 94% increase from the same period last year. The company's Data Center revenue also hit a record of $30.8 billion, up 17% from Q2 and a staggering 112% jump from a year ago. Nvidia's founder and CEO, Jensen Huang, expressed his optimism about the company's prospects in the quickly growing AI market. He stated that the adoption of AI is spreading globally, with the potential for Hopper and Blackwell, two upcoming Nvidia chips, to revolutionize the AI training, post-training, and inference processes. The widespread impact of AI is being felt across various industries, fostering more efficient workflows, driving advancements in physical AI, and stimulating investments in industrial robotics. Countries are now recognizing the significance of developing their national AI and infrastructure capabilities. Furthermore, the company announced its plans for a quarterly cash dividend of $0.01 per share, to be paid out to shareholders of record on December 5, 2024, with a payment date of December 27, 2024.
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grailly
11/20
Nvidia's earnings will set tech market tone
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shakenbake6874
11/20
Retail sales miss, but crypto pumps 🤔
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moneymonster420
11/20
Missed the Bitcoin wave? 🤔 It's not just hype this time. Time to rethink that portfolio.
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CaseEnvironmental824
11/20
$AAPL to pivot or stay strong? 🤷‍♂️
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Outrageous-Rate-4080
11/20
Crypto's 🚀, retail's nosedive. Tech stocks bleeding. Nvidia's report could be a game-changer. Stay adaptable, guys.
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Solidplum101
11/20
Retail sales hit like a freight train. Time to buckle up and hope for a rebound before earnings season heats up. Remember, volatility is just the market's way of keeping things spicy. 💸
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Tiger_bomb_241
11/20
Retail sales tanked, market panics. Crypto's the dark horse, lol. Nvidia's earnings gonna make or break, let's see.
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Far_Sentence_5036
11/20
Diversify or die trying in this market chaos
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