Nasdaq stocks rose on Monday as investors began to focus on Nvidia's upcoming earnings report.
Investors will be watching for updates on demand for Nvidia's Blackwell AI chip, a key factor influencing the company's performance.
Last week, the market faced a decline after reaching recent highs, with the Dow Jones index losing 1.24%, the S&P 500 falling 2.08%, and the Nasdaq Composite falling 3.15%.
This change happened after the 'hype' of the election started to fade.
This week, several major companies, including Walmart, Lowe's, Palo Alto Networks, Target and Intuit, will release their earnings reports.
The stock market saw mixed movements: with S&P 500 stocks rising, while the Dow remained stable.
Federal Reserve (Fed) Chairman Jerome Powell played a role in the market adjustment by emphasizing economic strength, a stable job market and continued inflation.
He noted that the central bank is in no rush to lower interest rates.
The message prompted investors to rethink the possibility of a significant rate cut in 2024, changing their expectations.
