In today’s market review, a range of topics are covered including current reports, trends, indices, stock prices, bonds, foreign exchange, commodities and analyst recommendations. One of the most notable events on Wall Street this week is the trading performance of Selena, a network of accommodation complexes that started at just 4 cents but has since soared to a three-digit rate with a turnover more than 100 times the average daily turnover.
In other news, Canadian company stock Blackberry has risen after announcing a collaboration with AMD to design the next generation of robotic systems. Taiwan Semiconductor’s stock is also up following news that the US will grant the company $6.6 billion to build a chip factory producing 2 nm chips. However, chip stocks like Nvidia are down today as they enter into correction trend and trade at around $846 per share. Alphabet (Google) and Intel are launching new chips challenging Nvidia’s dominance in artificial intelligence.
European stock exchanges closed with price drops influenced by declines on Wall Street. Inflation data in the US is expected to be published tomorrow which could impact the Fed’s policy and first quarter earnings reports will also be important for evaluating market trends. The price of gold has reached a new record high at $2,373 per ounce due to FOMO (fear of missing out). Google introduced a new server chip and video creation tool at the Google Cloud Next conference and US futures are trading slightly higher with vigilance for tomorrow’s inflation data.
Market analysts have differing views on interest rates and market trends with Wells Fargo Bank raising its target price for S&P 500 in 2024 while JPMorgan CEO Jamie Dimon warns of rising interest rates. Oil prices have slightly increased and BP expects higher production in the first quarter while European and Asian stock exchanges are trading in mixed trends. Companies like Amazon, Meta (Facebook), Tesla are making positive moves in the market while government bond yields hit their five-month high .
In addition to these topics, there was an interesting forum discussion about the impact of porn on personality traits and characteristics which explored various implications and analyses of representations of femininity in entertainment industry as well as role of pornography in relationships and its impact on intimacy relationship formation
