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February 22nd - According to foreign media analysis, Nvidia has played a key role in driving the stock market to record highs for years. However, with growing skepticism about artificial intelligence, Wall Street is increasingly worried that the chip giants earnings report next week, regardless of the outcome, will depress its stock price. Nvidias stock price has been trading sideways for months, a significant setback for a company that was recently a leading index performer and achieved triple-digit year-over-year gains. Investors expect Nvidias earnings next week to exceed Wall Street expectations and raise forecasts for the next few quarters. But this may not be enough to boost the stock price. Meanwhile, if Nvidias performance fails to quell investor anxiety about artificial intelligence, it could lead to greater volatility in AI-related stocks and the broader market.February 22 - Libyas state-owned Arabian Gulf Oil Company (AGOCO) announced on Sunday that the Sinawan oil field in the Nalut region of western Libya has resumed production. The field had been shut down for over three years due to financial and technical problems. Under normal operating conditions, the field can produce up to 20,000 barrels of oil per day.February 22 – According to AXIOS, a senior U.S. official said on Sunday that if U.S. negotiators receive a detailed nuclear agreement proposal from Iran within the next 48 hours, they are prepared to hold a new round of talks with Iran in Geneva on Friday. The U.S. official stated that the current diplomatic efforts may be the last chance President Trump is giving Iran before launching a large-scale U.S.-Israel joint military operation (potentially targeting Iranian Supreme Leader Khamenei). The senior U.S. official indicated that the Trump administration is awaiting Irans proposal.U.S. Trade Representative Greer: We will continue the trade investigation so that we can impose tariffs.U.S. Trade Representative Greer: We will explore policy continuity issues after the tariffs imposed under Section 122 expire.

NASDAQ, S&P 500, Dow Jones Analysis – Traders Keep Buying Tech Stocks

Skylar Shaw

Jan 10, 2023 15:11

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S&P 500 (SPX500)

After the recent advance, traders began to take gains, and the S&P 500 slipped away from session highs. Treasury rates attempted to climb higher but lost steam and dropped to fresh lows, giving equities in today's trading session even more support.


The movement today was significant, and most market categories advanced throughout the trading session. However, the stock sell-offs in Baxter International and Regeneron Pharmaceuticals put pressure on the healthcare sector.


Despite the solid recovery in the oil and natural gas markets, energy equities have also seen small increases. The S&P 500's top performer today was Tesla, which is up more than 7%.

NASDAQ (NAS100) 

As chip stocks increased, the NASDAQ stabilized close to the 11,200 mark. Today's trading session has seen gains of 7% for AMD and NVIDIA.


Investors are purchasing equities that saw significant declines in 2022. Investors are prepared to wager on a robust comeback after stocks like AMD and NVIDIA dropped to fair valuation levels.


The Fed is still hawkish, and the economy might enter a recession, so it is unclear if the present rising momentum will last. The market is now positive, nevertheless, and the demand for riskier assets continues rising.

Dow Jones (US30)

The Dow Jones is now the least successful of the main U.S. indexes. Healthcare companies Merck, Johnson & Johnson, and Amgen are the greatest losses in the Dow Jones index.


Although it should be emphasized that the dynamics of tech companies will decide whether the general market advances higher in the following trading sessions, today's weakness of the Dow Jones is somewhat concerning for the wider market. All indexes will rise if traders keep purchasing tech equities.

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