NVDA Dec 2024 1120.000 put
| Previous close | 97.90 |
| Open | 117.50 |
| Bid | 106.95 |
| Ask | 108.15 |
| Strike | 1,120.00 |
| Expiry date | 2024-12-20 |
| Day's range | 117.50 - 117.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 99 |
- Yahoo Finance Video
Nvidia, August PPI and jobless claims ahead of Fed cut: Morning Brief
US stocks were mixed heading into Thursday's session, with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) up, extending Wednesday’s gains, while the Dow Jones Industrial Average (^DJI) hovered below its flat line. Top Wall Street experts join Morning Brief hosts Seana Smith and Brad Smith to discuss the latest economic data, demand for Nvidia’s (NVDA) chips, a potential Boeing (BA) union strike, and top trending stocks. The Producer Price Index (PPI) showed prices increase by 0.2% month-over-month and 1.7% year-over-year in August. Initial jobless claims also came out above estimates for the prior week at 230,000, compared to the 227,000 expected. The new data comes after Wednesday’s in-line Consumer Price Index (CPI) print and ahead of the Federal Reserve's September FOMC meeting next week. Oxford Economics chief economist Ryan Sweet tells the Morning Brief team that the data is a "slam dunk" for a 25-basis-point interest rate cut from the Fed next week. KeyBanc Capital Markets equity research analyst John Vinh joins the Morning Brief to discuss competition among chipmakers during the ongoing artificial intelligence (AI) race after Nvidia CEO Jensen Huang’s comments about demand outpacing supply sent the chipmaker’s stock higher. Investors are watching Boeing (BA) as factory workers vote on the tentative labor agreement today, with a potential strike of 33,000 union members still looming. The Morning Brief team examines the morning's stock moves of the top trending tickers, including Kroger’s (KR) earnings-fueled gains and Moderna’s (MRNA) tumble. Other top trending stocks on the Yahoo Finance platform include Norfolk Southern (NSC) and 7-Eleven parent company Seven & I Holding (SVNDY). This post was written by Naomi Buchanan
- Yahoo Finance Video
Stocks open mixed after August's producer price data
US stocks (^DJI, ^IXIC, ^GSPC) are starting the day mixed as the Dow Jones Industrial Average hovers below its flatline at the market open. The Nasdaq Composite has seen total gains of 4.29% over the last four trading sessions. Morning Brief co-host Brad Smith checks out how markets are reacting to August's Consumer Price Index (CPI) and Producer Price Index (PPI) prints out this week, while taking a look at Nvidia (NVDA) within the Nasdaq 100 (^NDX). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
It didn't take much to reignite Nvidia, AI rally: Strategist
US stocks (^DJI,^GSPC, ^IXIC) closed Wednesday's session in the green after August's Consumer Price Index (CPI) came in line with estimates. Meanwhile, Nvidia (NVDA) led the charge for the S&P 500 and Nasdaq, climbing more than 8% intraday after comments made by CEO Jensen Huang at the Goldman Sachs Communacopia and Technology Conference highlighted continued AI demand. B. Riley Wealth chief market strategist Art Hogan joins Market Domination Overtime to discuss the most recent market movement. Hogan explains that this day and week have been "interesting" for markets. He explains, "[This is] the first time that I can remember we've seen an S&P 500 lose and gain 100 points in a single week." He notes that volatility is typical for September, and believes that markets "overreacted" to CPI data. However, as September is also conference season, comments from Nvidia CEO Jensen Huang got investors "excited about AI again," taking markets back up. "I think that when you take a step back and say, if our biggest concern is that today's modestly hotter core CPI number means the Fed's [Federal Reserve] going to go 25 basis points versus 50, that was consensus coming into the day, right? So it just went from 70% to 85% consensus. So I think it's just a major overreaction in what has become an oversold September tape. And I think that the rally in the afternoon probably makes a whole lot more sense," Hogan adds. He notes that semiconductors were down about 23% going into Wednesday's trading day, and argues "it doesn't take much of a push to get investors back and excited about a group that was trading significantly higher than this just two months ago." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
