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 – 30th August , 2024
September 3, 2024
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