Rolling 30-day correlation between changes in NVIDIA and S&P 500 continues to plunge … hovering near lowest since mid-2021 pic.twitter.com/qT2hOcYMFn
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Liz Ann Sonders
LizAnnSonders
On Tuesday, #Nvidia overtook Microsoft as world’s most valuable company with market cap of $3.35 trillion; since its debut in S&P 500 in November 2001, chipmaker’s weight has increased 100-fold from 0.07% in 2001 to 7.27% as of Tuesday’s close; in periods when largest index… pic.twitter.com/WDaJO6FJLg
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CommSec
CommSec
The S&P 500 and Nasdaq indexes closed lower on Thursday, as market bellwether Nvidia retreated from earlier gains, while investors evaluated recent economic data and commentary from US Fed officials to determine the timing of interest rate cuts this year.
#ausecon #auspol