TheDrop Market Analysis, 9/24/24
- Alexangel Ventura
- Sep 24, 2024
- 1 min read
After a stocking series of events which unfolded on Monday, markets seemed to cool.
The stock market's largest index funds didn't see a very notable different today, but still received quite beneficial results, making higher highs and lows. This shows the general growing buying pressure in the markets today.
Nvidia skyrocketed today by almost 4%, and is continuing to grow during afterhours. New market sentiments, especially online through the spread of misinformation, has caused many once again to buy into AI stocks like Nvidia, triggering buying pressure. The company's CEO Huang made millions today because of the dramatic turn of events.
Most over Big Tech stocks fell behind, but still reported growth as Nvidia's boom had its coattails across the market.
Donald Trump's key stock, after days of plummeting, has finally made back some ground. Meanwhile, the similarly named DJTWW grew by a whopping 10%, which could indicate that Trump's play into the social media industry isn't entirely over. Neither is he going to give up his large stake in the company.
Meanwhile, Tempus AI falls dramatically after weeks of growth.
