The following are the key news items that investors should be aware of before beginning their trading day:
1. Moving on to the next major historical milestone:
Friday saw the closing of the Dow Jones Industrial Average above 40,000 for the first time ever, having reached that level intraday on Thursday. This was a fantastic week for the Dow, which saw weekly gains of 1.2%, marking the fifth consecutive week of gains.
2. Next up for Nvidia
This week, all eyes will be on Nvidia’s earnings. The chipmaker is huge enough that a strong response might move the market, as the $2.3 trillion firm is the third largest S&P 500 stock by market valuation.
3. The IOU
In terms of debt and deficits, we’re in unknown terrain. With the national debt now over $34.5 trillion, Wall Street and Washington are becoming increasingly concerned. It now makes up over 120% of the whole federal economy, having increased by nearly 50% since the beginning of the Covid epidemic.
4. AI, hey, let’s move on
Microsoft has the opportunity to showcase its most recent artificial intelligence initiatives. Microsoft is anticipated to reveal at this week’s Build developer conference in Seattle how Windows will enable the AI PC, following the recent announcement of new AI models by OpenAI and Google. Because it owns Windows, Microsoft has a significant advantage over rivals and a large user base of personal computers.
Source (CNBC)
