Stock Market Rally Rages On

Written By Timmy Adami

August 19, 2024

MRKT Matrix - Monday, August 19th

  • S&P 500 and Nasdaq rise for 8th straight session as recovery rally continues (CNBC)

  • Traders Need Fed’s Rate-Cut Signal to Keep Stocks Rallying (Bloomberg)

  • Nvidia earnings — not Powell’s speech — will be the big catalyst to end summer, Bank of America says (CNBC)

  • Goldman says buy Nvidia with conviction, earnings to top Street next week (CNBC)

  • AMD Buys AI Equipment Maker for Nearly $5 Billion, Escalating Battle With Nvidia (WSJ)

  • Apple is set to win AI race, but it’s already priced into the stock, says analyst Craig Moffett (CNBC)

  • Tech's Infatuation With AI Spending Comes at Cost of People’s Jobs (Bloomberg)

  • GM Is Cutting More Than 1,000 Workers From Its Software Business (WSJ)

  • Some families expect to go into debt shopping for back to school, reports find. High prices are partly to blame (CNBC)

Timmy Adami
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