Key Market Movements to Watch in the Next Trading Session
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Market Recap and Projections
As the S&P 500 concluded its longest winning streak since 2004, market analysts turn their focus on potential shifts for the upcoming trading session. Following an impressive rally, the Dow Jones Industrial Average finally receded, breaking a nine-day sequence of gains and currently stands 8.5% lower than its peak in early December.
Similarly, the S&P 500 retreated from its progressive trend, breaking a significant nine-day winning stretch. Despite the recent fallback, the index has seen a 7% increase over the period, though it remains 8% below its recent high in February.
Key Personalities and Events Impacting the Markets
Nvidia’s Strategic Moves: Nvidia’s stock performance sees a significant upturn, with CEO Jensen Huang set to appear on CNBC TV. The stock has surged approximately 21% over the past month, despite being 25% down from its peak in January. Huang’s upcoming discussion might offer further insights into Nvidia’s market strategy and growth potential.
International Trade Talks
Prime Minister Mark Carney of Canada is scheduled to meet with President Donald Trump in Washington. This meeting is critical as it focuses on the ongoing trade relationship between the U.S. and Canada. The iShares MSCI Canada ETF (EWC) has responded positively, showing an 11% increase over the last month, attributed partly to recent tariff negotiations between the two nations.
Commodity Insights
Gold futures have risen 21% since last November, reflecting a robust annual growth of 44%. The spotlight remains on gold as Kinross Gold and Iamgold prepare to release their earnings after Tuesday’s closing bell.
Oil Market Trends
The oil market witnessed a slight downturn, with Brent crude trading around $60 per barrel and West Texas Intermediate at approximately $57 per barrel. This adjustment follows OPEC’s announcement of potential production increases.
