chipmaker’s earnings later in the month and the Federal Reserve’s Jackson Hole Economic Symposium could herald a rally for the stock market.
How Markets Could Be Poised for a Labor Day Rally
Nvidia reports earnings on Aug. 28, with the strategist expecting an earnings-fueled post-market move could potentially mark “the technical low for the largest index weights and AI darlings,” ahead of a September rally.
Rubner said the market could be poised for a Labor Day rally, leaving “a short term window to buy the dip as technical pressure eases.”
However, the Goldman strategist warned investors could face a “tricky” second half of September ahead of the U.S. presidential election before welcoming new highs in the fourth quarter.
Nvidia shares closed 6.5% higher at $116.14 Tuesday, helping make up for recent losses. With Tuesday’s gains, the stock has more than doubled in value since the start of the year.
Read the original article on Investopedia.
Stay Ahead of the Curve: Subscribe Now to Receive Instant Breaking News Alerts Directly to Your Inbox!
- Latest
- Popular
-
This Video Streaming Company Has Stable Margins, Prospects To Accelerate Growth: Analyst
wealthreport Feb 12, 2025 -
Stock futures are little changed as traders brace for January consumer inflation report: Live updates
wealthreport Feb 12, 2025 -
Indexes Stuck As Tesla Sells Off; DoorDash Leads Winners Late
wealthreport Feb 12, 2025
-
VENU – Venu Holding Corporation Latest Stock News & Market Updates
wealthreport Jan 13, 2025 -
Ripples of Los Angeles fires continue as Meghan delays Netflix series launch, composer’s works lost
wealthreport Jan 13, 2025 -
California man says two of his cats died after drinking raw milk recalled for bird flu
wealthreport Jan 13, 2025 -
Losing Streak May Continue For Singapore Stock Market
wealthreport Jan 13, 2025
SPECIAL POST

Bosses are firing Gen Z grads just months after hiring them—here’s what they say needs to change

Knight-Swift Transportation Hol (KNX) Stock Forecasts
