Chipmakers Tick Up As Nvidia Halts Sell-Off, Dollar Rises As Traders Revise Fed Wagers: What's Driving Markets Friday?

Quick Summary:

The weak risk sentiment on Friday threatens to end the S&P 500 and Nasdaq 100's streak of three consecutive weekly rallies

The AI darling rose by 1% by midday in New York, contributing to the positive momentum in chipmakers, buoyed by strong earnings from Marvell Technology Inc.(NASDAQ:MRVL) and MongoDB Inc.(NASDAQ:MDB).

While a timid rebound in semiconductor stocks is taking shape, aided by NVIDIA Corp.(NASDAQ:NVDA)’s pause of the sell-off in the previous session, the Dow Jones edged lower after reaching record highs the day before.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: IWM US78467X1090 $BTC BMG5876H1051 LULU ESTC XLE DELL ADSK Tech Federal Reserve Economics Commodities US81369Y7040 US24702R1014 SPY ULTA Pro Project US5500211090 Benzinga XLRE US73935A1043 US90384S3031 INTC US4642876555 ETFs Large Cap Equities Midday report XLK Top Stories US67066G1040 US4581401001 US81369Y5069 MDB DIA MRVL US81369Y8030 XLI QQQ US0527691069 US78462F1030 NVDA Midday update

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 17:12:30 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22309298

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