US stocks concluded a volatile month in a positive mood, buoyed by core PCE data suggesting potential interest rate cuts in September and beyond. Retailers announced weak sales guidance for the year as they continue to see a shift in spending from discretionary items to essentials. Nvidia’s shares initially dropped over 8% despite strong earnings before recovering as they see a slowdown in sales growth and reduction in margins.
Weekly Newsletter – 15th November , 2024
November 20, 2024
No Comments
