MARKETS DRIFT AS PROFIT REPORTS SETTLE
U.S. stocks are drifting on Tuesday following a batch of mixed profit reports, with Home Depot rising 2.4% and Keurig Dr Pepper also gaining ground after delivering stronger-than-expected results for the end of 2024. The Dow Jones Industrial Average rose 201 points, or 0.5%, while the Nasdaq composite fell 0.2%. Despite the mixed signals, investors are bracing for a more significant test on Wednesday when Nvidia releases its first earnings report since a Chinese upstart challenged the AI industry.
- The ongoing rotation in tech stocks may signal a broader shift away from the AI and chip sectors, potentially leading to increased focus on other areas of growth.
- How will the volatility in Bitcoin's price impact the overall sentiment of the cryptocurrency market and the companies heavily invested in it?