Topline Fresh off of a record closing high, Nvidia stock slid Tuesday as part of a semiconductor chip stock slump with an unusual impetus: A less-than-stellar earnings release from a Dutch company which accidentally came out earlier than expected. Nvidia stock struggled Tuesday. Getty Images Key Facts Nvidia shares fell 5% by late afternoon, wiping…
China’s Economic Measures The market’s attention was largely focused on China during the past week, as the country’s officials announced a raft of measures aimed at boosting consumption, property demand, and stock market liquidity. The People’s Bank of China lowered its reserve requirement ratio, the repurchase rate, the medium-term lending facility rate, and hinted at…
Market Overview There might not have been a lot of buying conviction in today’s market, but more importantly, there was no real selling conviction either. There was some buy-the-dip interest that coursed through NVIDIA (NVDA 120.87, +4.61, +4.0%) and the mega-cap space. Additionally, there was an appreciation for a wave of policy stimulus measures announced…