Nvidia’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and AI trade after an election-fueled rally. A nearly 800% run in shares of Nvidia over the past two years has propelled the company to the world’s top spot by market value.
Nvidia shares fell 2.0% in the last session. The Williams indicator is giving a negative signal.
Support: 137.27 | Resistance: 149.94
Non-fungible tokens saw a weekly sales volume of $181 million, fueled by significant gains in Bitcoin and other cryptocurrency markets. On Nov. 17, NFTs recorded a sales volume of $181 million over the last seven days. The data shows a 94% increase compared to the week before.
Oil prices closed slightly higher in choppy trading, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.
The last session saw the Oil gain 0.6% against the Dollar. The MACD is giving a negative signal.
Support: 66.312 | Resistance: 70.722
Walt Disney shares surged after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025.
Bitcoin broke through the $90,000 level, as its rally showed no signs of easing. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs, reaching over $93k.
The Bitcoin-Dollar pair skyrocketed 3.2% in the last session. The Stochastic-RSI indicates an overbought market.
Support: 80920 | Resistance: 102322
The U.S. dollar advanced to one-year high against major currencies powered by so-called Trump trades and after U.S. inflation for October came in as expected, suggesting the Federal Reserve will continue lowering interest rates.
