Benzinga
  • 3 months ago
In Benzinga's Weekly Market Update, Dan Leach provides a concise overview of the performance of major indices such as the S&P 500, NASDAQ, and Dow Jones. The episode highlights notable stock movements, with NVIDIA rallying over 5% and reaching a market cap above $3 trillion, joining Apple and Microsoft. Rate-sensitive sectors like clean energy and regional banks saw declines, despite a rate cut by the Fed. Mega Cap Tech maintained market highs with QQQs hitting new monthly peaks. Upcoming PCE data could provide insights into inflation trends. Key topics from Benzinga.com are also covered, including the S&P 500 hitting all-time highs, NASDAQ 100 crossing 20K, and the influence of economic data on the markets. Additionally, the episode discusses Moody's concerns over widening deficits and diverging credit risks ahead of the upcoming election.
Transcript
00:00Hey, everyone. I'm Dan Leach.
00:01This is Benzinga's Weekly Market Update.
00:03In just minutes, we'll cover all the major indices, S&P 500, Nasdaq,
00:07and the Dow Jones all performed, spotlight the top stock movers,
00:11and dig into the sectors making waves.
00:13We'll also look to break down key economic data,
00:15and how to check up stocks, bonds, and currencies.
00:18Plus, we'll hit the week's biggest headlines
00:20from Benzinga.com, driving all the market action.
00:23Let's dive right in.
00:25NVIDIA rallied more than 5% in the last five trading sessions,
00:31bringing the tech giant back above $3 trillion in market cap.
00:35Now, Apple, Microsoft, and NVIDIA are the only three American companies
00:40valued at $3 trillion or more.
00:42Rate-sensitive sectors like clean energy stocks and regional banks
00:45moved lower in the past week, despite the Fed's decision to cut rates.
00:48Biotech also lagged, drawing down nearly 5% in the last few trading days.
00:54Mega cap tech helped keep the market near its highs,
00:57with the QQQs hitting a new monthly high Tuesday.
01:00Not a lot of economic data this week.
01:02PCE is on the way either Thursday or Friday,
01:05which should give us more insights into where we are
01:07in our fight against inflation.
01:09The top stories on Benzinga.com include
01:12how the S&P 500 hit all-time highs,
01:14the Nasdaq 100 topped 20K out of key economic data,
01:17and what's driving the markets on Wednesday.
01:20Also, how the Fed's favorite inflation data Friday
01:23could really sway November interest rate cut-ons.
01:25And Moody's sounded the alarm on widening deficits,
01:29diverging credit risks, and what Donald Trump and Kamala Harris
01:32can't ignore as the election nears.
01:35Thanks so much for joining me for Benzinga's Weekly Market Update.
01:37I'm Dan Leach.
01:38To learn more, please check out Benzinga.com.

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