Gold price climbs to $2000 peak again, as a weaker dollar and a pull-back in US Treasury yields boosted demand for the safe-haven metal. However, the price actions appear to be part of a consolidation phase and the metal is trading sideways. So, it will be hard to rule out a short-term retracement back to $1985 and then $1980/78 if the bulls fail to hold above $2000.
Today all eyes are on the global AI computer chip leader Nvidia (NASDAQ: NVDA). The tech giant will be announcing third-quarter earnings results today after market close. Nvidia, is the best-performing stock in the S&P this year and the stock hit a fresh all-time high of $505 yesterday.
Gap Inc (NYSE: GPS) stock exploded more than 18% in extended trading after the iconic American clothing and accessory brand beat Wall Street's consensus estimates for both third-quarter earnings and revenue.
Shares of the world's largest retailer Walmart (NYSE: WMT) continued their upward trajectory, the stock hit a fresh all-time high of $169.94 on Wednesday. The stock gained more than 18% this year. The company is set to report its fiscal third-quarter earnings today before the market opens.
The tech pioneers Microsoft (NASDAQ: MSFT) and Google's parent company Alphabet (NASDAQ: GOOGL) are reporting their latest earnings results after today's closing bell. It will be interesting to see how these company’s last quarter results look and the impact they could have on the stocks.