The Dow Jones Industrial Average gained ground after Russia’s invasion of Ukraine. Nvidia and AMD are among best-of-breed growth stocks. Occidental delivered solid quarterly earnings and is looking to improve operational efficiencies. Powell’s testimony is expected to be closely watched on Wall Street. A broader perspective on today’s market is available in this piece. Read on to learn more about some of the biggest stories on Wall Street.
Dow Jones Industrial Average surged after Russia’s invasion of Ukraine
The Russian invasion of Ukraine has sent global markets into a tailspin, as investors are trying to gauge the impact of the conflict on commodity prices. The Russian invasion is likely to further raise concerns about the long-term prospects of inflation and stagnant growth. Moreover, investors are keeping a close eye on Fed Chairman Jerome Powell’s testimony this week. If he is correct, investors will be able to judge the impact of the conflict on domestic monetary policy.
Nvidia and AMD are best-of-breed growth stocks
Both AMD and NVIDIA are well diversified and have partnerships with market leaders in several high-growth markets, such as the connected car and AI applications. AMD, meanwhile, is chasing NVIDIA into many of these same growth markets, …Stock Market News Today Read More