In denial | MarketTalk | Swissquote
US stocks had a wobbling trading session yesterday. US equities gained, then lost, then rebounded to close the session in the green.
The 14% jump in Nvidia certainly helped improve the overall market mood, whereas the US economic data was mixed and was not supposed to pour water on the equity bears or improve sentiment regarding the Federal Reserve (Fed) hawks.
The latest GDP update from the US revealed that the US economy expanded slower than expected, while prices rose faster-than-expected.
We have one more important data point to watch before the week ends… and that’s the US PCE index,...