OpenAI gets Wall Street attention, crypto craze rages on: Opening Bid top takeaways
The week has seen the market meander as it searches for its next catalyst. One possible catalyst — an interest rate cut from the Federal Reserve later this month — has been removed from the equation following sticky inflation reads.
Meanwhile, strong earnings reports this week from Netflix (NFLX) and United Airlines (UAL) haven’t done enough to excite investors to push valuations to even richer levels.
On the month, the Dow Jones Industrial Average (^DJI) is up 1.1% while the S&P 500 (^GSPC) has notched a 1.8% gain. The Nasdaq Composite (^IXIC) has led the way with a 2.8% advance thanks to enthusiasm on AI chip demand from the likes of Nvidia (NVDA) and Taiwan Semiconductor (TSM).
Here is everything we touched on…
