Very Little Room.
There was only one name on Wall Street’s lips last week; chipmaker Nvidia, the last of the Magnificent Seven stocks to report Q4 2023 earnings on Wednesday evening. The first part of the week was spent in fear of the firm failing to meet strongly-enhanced expectations. Thursday was one big Nvidia-inspired celebratory party after it blew through those expectations and markets spent Friday nursing a quiet post-celebration hangover. The net outcome was yet another up-week for most Large Cap U.S. stocks.
The week began on Tuesday following the Presidents’ Day holiday with Big Tech dragging the…
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