As I analyze the current market trends, I find myself drawn to the recent performance of the S&P 500 futures, which remained relatively unchanged on Wednesday. This stability comes as investors eagerly await Nvidia's continued leadership in the market. The S&P 500 futures inched up by 0.05%, while Nasdaq 100 futures saw a more substantial increase of 0.2%. Conversely, Dow Jones Industrial Average futures experienced a minor setback, shedding 0.1%.
The stock market is poised for a successful week following the S&P 500 and Nasdaq Composite's achievement of new record highs on Tuesday. Trading was suspended on Wednesday in observance of the Juneteenth holiday.
Nvidia spearheaded the upward trend as the AI pioneer and semiconductor giant surpassed Microsoft to claim the title of the world's most valuable company. Nvidia's stock price has soared by an impressive 174% in the current year, fueled by the ongoing AI boom that has invigorated the equity markets.
Original Article: https://www.cnbc.com/2024/06/19/sp-500-futures-were-little-changed-as-wall-street-looks-for-nvidia-to-keep-leading-market.html
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