Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were headed for a positive week, thanks to a big rally on Friday in reaction to Federal Reserve Chairman Jerome Powell ‘s…
It was a topsy-turvy week for Wall Street, saved by a big Friday rally. The market was looking at a weekly loss at Thursday’s close. But a day later, Federal Reserve Chairman Jerome Powell came through, hinting at possible interest rate cuts ahead. His speech on Friday at the central bank’s economic symposium in Jackson…
August, one of the worst trading months for stocks, could end on a high note next week, now that investors have greater confidence a September rate cut may be on the table. In fact, if Nvidia ‘s earnings results and the Federal Reserve ‘s preferred inflation gauge next week confirm the latest rally, that could…
The Club’s 10 things to watch Friday, Aug. 22 — Today’s newsletter was written by Portfolio Analyst Zev Fima and Director of Portfolio Analysis Jeff Marks. 1. It’s Fed day. Wall Street will be hyper-focused on what Fed Chair Jerome Powell has to say today during his speech at the central bank’s annual economic symposium…
Anthony Kwan | Getty Images News | Getty Images Chinese artificial intelligence startup DeepSeek has hinted that China will soon have homegrown “next generation” chips to support its AI models, while announcing an update to one of its large language models. In a comment under a post on its official WeChat account, DeepSeek said the…
An Nvidia chip is seen through a magnifying glass in Beijing, China, on August 1, 2025. Vcg | Visual China Group | Getty Images Nvidia has asked some of its component suppliers to stop production related to its made-for-China H20 general processing units, as Beijing cracks down on the American chip darling, The Information reported…
The Club’s 10 things to watch Thursday, Aug. 21 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst. 1. We’re headed for another lower open. Dow futures are notably down roughly on par with the tech-heavy Nasdaq , which has been hit harder in the recent market rotation, falling over 2%…
Retail traders are doing something they haven’t done since June: selling tech stocks. Data complied by JPMorgan strategists showed mom-and-pop investors were net sellers of tech to the tune of about $140 million over the past week. That breaks a two-month long daily buying streak in which retail traders on average bought more than $1…
Here’s something you don’t hear often on Wall Street: Tech had a bad day. Declines in Nvidia , Meta Platforms and Amazon , among others, sent the S & P 500 lower on Tuesday. The Nasdaq Composite suffered a worse fate, sliding 1.5%, its worst day since Aug. 1. The pullback comes as the major…
Nvidia(NASDAQ: NVDA) shares fell 3.5% on Tuesday, closing at $175.64, as tech stocks broadly pulled back following a recent rally. The chipmaker traded 183 million shares, just above its three-month average of 181 million, signaling a cooling of momentum after reaching record highs earlier this month. The broader markets reflected similar unease. The Nasdaq Composite…