Marvell Technology and CrowdStrike results following the close will be watched for AI and tech demand trends, while crypto could again play a role after denting sentiment Monday.
After descending Monday on weak tech and crypto, major indexes climbed early ahead of earnings from CrowdStrike and Marvell this afternoon. Bitcoin rose 2%, and volatility eased.
Data this week touch on manufacturing, inflation, and jobs. The Fed is quiet ahead of next week's meeting, and stocks had a mixed November highlighted by strong late-month gains.
Results from Deere and initial weekly jobless claims are due with Wall Street on a 3-day win streak. Hopes for a rate cut surged this week and Alphabet keeps setting new highs.
After a gangbuster stock market rally since the early-April lows, many of the prior highfliers have taken a breather amid AI bubble and valuation concerns.
Stocks bounce back today on improved rate cut hopes but remain on track for weekly losses. Promises of AI profits remain under investor scrutiny, despite robust Nvidia earnings.
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