Wall Street advances with Nvidia and Fed meeting in focus

6 potential catalysts that could send S&P 500 lower - Wells Fargo

With the S&P 500 continuing to rise, despite the uncertain terrain given expectations regarding the Fed's rate hike path, Wells Fargo analysts highlighted six potential catalysts that could lead to a downturn in the S&P 500 in a research note this week.

AI fuels S&P 500 rally

The demand for AI technologies, particularly within the tech industry, has fueled investor optimism and contributed to the impressive gains witnessed in the stock market over the past year.

As the AI revolution continues to unfold, companies' ability to demonstrate AI's profitability has been critical in helping to... More

Fed meeting preview: Here's what 5 strategists have to say

The highly anticipated Federal Open Market Committee (FOMC) meeting will arrive on Wednesday at 2 pm, and with recent chatter that the US Federal Reserve may not cut rates this year, all eyes will be on Federal Reserve Chair Jerome Powell.

The current sentiment regarding the Federal Reserve's upcoming meeting suggests a cautious approach, with expectations that interest rates will remain unchanged for the time being.

Market participants anticipate the release of a new "dot plot" from the FOMC, which will serve as a roadmap as to whether three interest rate cuts are likely in 2024.

The December... More

Bullish positioning continued to soften last week - Citi

Citi analysts said in their equity markets positioning model note on Tuesday that bullish positioning continued to soften for US equities last week.

The investment bank revealed that S&P and Nasdaq notional levels fell during the volatile week, and roll-related activity blurred the lines.

"A mix... More