US Market News Digest for November 17

[Ben Graham]

Indices mixed as market prepares for Nvidia's report

American stock indices closed the previous trading session with a mixed performance: the S&P 500 fell by 0.05%, while the Nasdaq 100 gained 0.13%. This neutral picture reflects investors' anticipation of key drivers capable of setting the market's direction in the coming days. All eyes are currently on fresh US economic data that could influence assessments of monetary policy prospects and the overall market condition.

An additional factor of uncertainty is the upcoming Nvidia report, which traditionally impacts the entire tech sector and could serve as a catalyst for growth or, conversely, exacerbate the correction in high-tech stocks. Analysts note that the company's results could set the market mood for the entire week, especially given the high dependence of indices on the performance of mega-caps. Follow the link for more details.

Pressure on S&P 500 intensifies amid Fed policy expectations

The S&P 500 index continues to lose important support levels, contributing to increased tension among investors. The reduction in forecasts for a possible rate cut by the Fed at the end of the year has become one of the key factors contributing to the deterioration of sentiment. Against this backdrop, demand for risk is declining, and market participants are becoming more sensitive to any macroeconomic signals that could change expectations regarding monetary policy.

The situation is exacerbated by the weakness of the Magnificent Seven stocks, which significantly influence index movements. The decline of these stocks amplifies overall pressure and increases the likelihood of a deeper correction in the short term. Follow the link for more details.

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