{"id":115005,"date":"2024-10-17T01:57:44","date_gmt":"2024-10-16T18:57:44","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115005"},"modified":"2024-10-17T01:57:44","modified_gmt":"2024-10-16T18:57:44","slug":"stocks-extend-gains-as-banks-jump-on-strong-earnings-nvidia-leads-chipmaker-rebound","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115005","title":{"rendered":"Stocks Extend Gains as Banks Jump on Strong Earnings; Nvidia Leads Chipmaker Rebound"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"finance-liveblog-content_1-0\">\n<div id=\"mntl-liveblog-item_1-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t183929150z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_1-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>ASML Down Sharply Again, Leading Nasdaq Decliners<\/strong><\/p>\n<p>18 minutes ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_1-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t183929150z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> ASML Holding (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ASML\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">ASML<\/a>)\u00a0shares plunged again on Wednesday, a day<strong>\u00a0<\/strong>after the company&#8217;s\u00a0<a href=\"https:\/\/www.investopedia.com\/asml-stock-tanks-after-its-unexpectedly-early-results-include-weak-outlook-8728333\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">early earnings release<\/a>\u00a0disappointed investors.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The Netherlands-based semiconductor-gear manufacturer lowered its 2025 net sales forecast to between 30 billion euros and 35 billion euros ($32.7 billion to $38.1 billiion.) That&#8217;s within the lower half of the company&#8217;s previously projected range and below the 36.1-billion-euro consensus estimate of analysts compiled by Visible Alpha.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The third-quarter results were originally expected to be released Wednesday but appeared early on the company&#8217;s website due to a &#8220;technical error.&#8221;\n<\/p>\n<figure id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_1-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of ASML were down 7% Wednesday afternoon, leading Nasdaq Composite decliners, after plummeting 16% Tuesday following the early results. The stock fell into negative territory for the year Tuesday and now is down 10% year-to-date.\n<\/p>\n<p id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/andrew-kessel-8670381\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Andrew Kessel<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_2-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t175145756z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_2-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Apple Price Levels to Watch as Stock Near Record High<\/strong><\/p>\n<p>1 hr 5 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_2-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t175145756z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Apple (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=aapl\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">AAPL<\/a>) shares were down about 1% in afternoon trading Wednesday after the stock\u00a0<a href=\"https:\/\/www.investopedia.com\/apple-stock-rises-announcement-of-new-ipad-mini-8728426\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">briefly touched a new record high yesterday<\/a>, the same day the tech giant unveiled the latest version of its Apple Intelligence-compatible iPad Mini.\n<\/p>\n<p id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> While Apple shares have gained 20% since the start of the year, the stock has traded mostly\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/s\/sidewaysmarket.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">sideways<\/a>\u00a0over the past three months amid concerns that a delayed rollout of its highly anticipated Apple Intelligence could lead to softer demand for the company\u2019s flagship iPhone 16,\u00a0<a href=\"https:\/\/www.investopedia.com\/apple-s-iphone-16-goes-on-sale-today-without-latest-ai-features-8715789\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">which launched last month<\/a>.\n<\/p>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The stock broke above the upper trendline of an ascending triangle on Tuesday on the highest trading volume since Sept. 20, suggesting institutional investing.\n<\/p>\n<figure id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_2-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-text\">Source: TradingView.com.<\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors should monitor key overhead levels on Apple&#8217;s chart around $237 and $270, while also watching crucial support levels during retracements near $233, $225, and $218. The stock was at around $231 in recent trading.\n<\/p>\n<p id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the full <a href=\"https:\/\/www.investopedia.com\/watch-these-apple-price-levels-as-stock-trades-near-record-high-8728791\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technical analysis piece here.<\/a>\n<\/p>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/54411\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Timothy Smith<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_3-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t160751004z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_3-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>US Bancorp Stock Jumps as Earnings Top Expectations<\/strong><\/p>\n<p>2 hr 49 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_3-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t160751004z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> U.S. Bancorp (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=USB\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">USB<\/a>) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income.\n<\/p>\n<p id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The bank reported third-quarter\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/eps.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">earnings per share (EPS)<\/a>\u00a0of $1.03, $0.04 more than estimates of analysts surveyed by Visible Alpha. Revenue fell 2.4% year-over-year to $6.86 billion, slightly short of forecasts.\n<\/p>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <a href=\"https:\/\/www.investopedia.com\/terms\/n\/net-interest-income.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Net interest income (NII)<\/a>\u00a0of $4.17 billion was down 2.4% from 2023, but up 2.8% from the second quarter. It also exceeded expectations. Net interest\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/p\/profitmargin.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">margin<\/a>\u00a0increased to 2.74% from 2.67% in the previous quarter, although it was lower than last year&#8217;s 2.81%.\n<\/p>\n<p id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> As with\u00a0<a href=\"https:\/\/www.investopedia.com\/three-things-we-learned-from-big-bank-q3-earnings-8728214\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">many of its rivals<\/a>, U.S. Bancorp added to its reserves for credit losses, increasing them by 8.2% to $557 million year-over-year.\n<\/p>\n<figure id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_3-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of U.S. Bancorp rose nearly 5% Wednesday to their highest level since early last year. They&#8217;re up about 14% in 2024.\n<\/p>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/bill-mccoll-5186338\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Bill McColl<\/em><\/a><\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_4-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t143506515z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_4-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>United Soars on Strong Earnings, Stock Buyback News<\/strong><\/p>\n<p>4 hr 22 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_4-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t143506515z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_31-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> United Airlines\u00a0(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=UAL\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">UAL<\/a>) shares soared after the carrier unveiled plans for a $1.5 billion share buyback, its first since the pandemic, and also reported quarterly results that beat analysts&#8217; estimates.\n<\/p>\n<figure id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_4-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>\u00a0JanValls \/ Urbanandsport \/ NurPhoto \/ Getty Images)<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_33-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Late Tuesday, United reported third-quarter adjusted\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/e\/eps.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">earnings per share (EPS)<\/a>\u00a0of $3.33, ahead of its own guidance and expectations of analysts polled by Visible Alpha. It also projected adjusted EPS of $2.50 to $3.00 a share in the fourth quarter, with the midpoint below the $2.92-per-share Visible Alpha estimate.\n<\/p>\n<p id=\"mntl-sc-block_34-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The airline said the glut in airline capacity that had plagued the industry this year had been addressed.\n<\/p>\n<p id=\"mntl-sc-block_35-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8220;As predicted, unproductive capacity left the market in mid-August, and we saw a clear inflection point in our revenue trends that propelled United to exceed Q3 expectations,&#8221;\u00a0United\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/c\/ceo.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Chief Executive Officer (CEO)<\/a>\u00a0Scott Kirby said.<\/p>\n<p>United&#8217;s $1.5 billion share buyback marks its first repurchase plan since it suspended its program in 2020 during the COVID-19 pandemic.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_36-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The stock was up 9% in recent trading, at its highest level since early 2020.\n<\/p>\n<p id=\"mntl-sc-block_37-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/nisha-gopalan-8424025\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Nisha Goaplan<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_5-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t142212938z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_5-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Morgan Stanley Stock Surges After Strong Results<\/strong><\/p>\n<p>4 hr 35 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_5-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t142212938z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_38-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Morgan Stanley (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=MS\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">MS<\/a>) shares jumped Wednesday morning after the company became the latest bank to beat estimates for the third quarter, with revenue and profits rising year-over-year.\n<\/p>\n<p id=\"mntl-sc-block_39-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <a href=\"https:\/\/www.investopedia.com\/morgan-stanley-stock-jumps-latest-bank-to-beat-estimates-8728814\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">The bank reported<\/a> $15.38 billion in\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/r\/revenue.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">revenue<\/a>\u00a0for the quarter, up from $13.27 billion last year and over a billion dollars more than analysts had expected, according to projections compiled by Visible Alpha. Morgan Stanley reported an increase in\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/n\/net-interest-income.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">net interest income (NII)<\/a>\u00a0to $2.2 billion, up from $1.98 billion, which only\u00a0<a href=\"https:\/\/www.investopedia.com\/three-things-we-learned-from-big-bank-q3-earnings-8728214\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"4\">some of its banking rivals<\/a>\u00a0have so far managed to do this quarter.1\n<\/p>\n<p id=\"mntl-sc-block_40-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> <a href=\"https:\/\/www.investopedia.com\/terms\/n\/netincome.asp\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Profits<\/a>\u00a0also came in well above estimates at $3.2 billion, above the $2.44 billion in net income Morgan Stanley reported last year.\n<\/p>\n<p id=\"mntl-sc-block_41-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Morgan Stanley shares rose more than 8% in morning trading, leaving them up roughly 30% this year, outpacing the gains for the S&amp;P 500 over the period.\n<\/p>\n<figure id=\"mntl-sc-block_42-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_5-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_43-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/aaron-mcdade-8603749\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Aaron McDade<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_6-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t125445786z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_6-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Nvidia Levels to Watch After Tuesday&#8217;s Drop<\/strong><\/p>\n<p>6 hr 2 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_6-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t125445786z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_44-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nvidia (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=nvda\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">NVDA<\/a>) shares moved higher in premarket trading Wednesday after falling sharply yesterday, just a day after setting a record closing high.\n<\/p>\n<p id=\"mntl-sc-block_45-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The decline Tuesday came as\u00a0<em>Bloomberg<\/em>\u00a0reported that the Biden Administration is mulling\u00a0<a href=\"https:\/\/www.investopedia.com\/possible-ai-chip-cap-asml-sales-warning-hit-nvidia-semi-stocks-8728345\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">AI chip export curbs<\/a>\u00a0to some Middle Eastern countries. The news tempered optimism about\u00a0<a href=\"https:\/\/www.investopedia.com\/nvidia-stock-hits-record-closing-high-on-growing-optimism-about-ai-demand-8727936\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">surging demand<\/a>\u00a0for Nvidia&#8217;s chips from tech giants hyperscaling their AI infrastructure amid a backdrop of tight supply.\n<\/p>\n<p id=\"mntl-sc-block_46-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nvidia shares broke out above a multi-month symmetrical triangle earlier this month, though the breakout occurred on below-average volume, indicating a lack of conviction behind the move.\n<\/p>\n<figure id=\"mntl-sc-block_47-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_6-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-text\">Source: TradingView.com.<\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_48-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Investors should watch key support levels on Nvidia&#8217;s chart around $125, $115, and $97, while also keeping an eye on a measured moved price target at $177. The stock was up 0.8% at $132.65 in recent premarket trading.\n<\/p>\n<p id=\"mntl-sc-block_49-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Read the full <a href=\"https:\/\/www.investopedia.com\/nvidia-price-levels-to-watch-as-stock-retreats-from-record-8728749\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">technical analysis piece here.<\/a>\n<\/p>\n<p id=\"mntl-sc-block_50-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> &#8211;<a href=\"https:\/\/www.investopedia.com\/contributors\/54411\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\"><em>Timothy Smith<\/em><\/a>\n<\/p>\n<\/div>\n<div id=\"mntl-liveblog-item_7-0\" class=\"comp mntl-liveblog-item mntl-block\"><span class=\"heading-toc\" id=\"toc-2024-10-16t120937401z\"\/><\/p>\n<h2 id=\"mntl-blogpost__headline_7-0\" class=\"comp mntl-blogpost__headline mntl-text-block\"\/>\n<p><strong>Futures Point to Slightly Higher Open for Major Indexes<\/strong><\/p>\n<p>6 hr 48 min ago<\/p>\n<p><button id=\"mntl-blogpost__copylink_7-0\" class=\"comp mntl-blogpost__copylink mntl-copy-link-button mntl-button\" data-link=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805#toc-2024-10-16t120937401z\" aria-label=\"Copy Link\"><br \/>\n<\/button><\/p>\n<p id=\"mntl-sc-block_51-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Futures tied to the Dow Jones Industrial Average were up fractionally.\n<\/p>\n<figure id=\"mntl-sc-block_52-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_7-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_53-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> S&amp;P 500 futures were up 0.1%.\n<\/p>\n<figure id=\"mntl-sc-block_54-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_8-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_55-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Nasdaq 100 futures were up 0.2%.\n<\/p>\n<figure id=\"mntl-sc-block_56-0\" class=\"comp mntl-sc-block finance-sc-block-image mntl-sc-block-universal-image mntl-sc-block-image--no-theme no-theme mntl-sc-block-image inline-image figure-landscape figure-high-res\"><figcaption id=\"mntl-figure-caption_9-0\" class=\"comp mntl-figure-caption type--mouse figure-caption figure-article-caption\"> <span class=\"figure-article-caption-owner\"><\/p>\n<p>TradingView<\/p>\n<p><\/span><br \/>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/dow-jones-today-10162024-8728805\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASML Down Sharply Again, Leading Nasdaq Decliners 18 minutes ago ASML Holding (ASML)\u00a0shares plunged again on Wednesday, a day\u00a0after the company&#8217;s\u00a0early earnings release\u00a0disappointed investors.\u00a0 The Netherlands-based semiconductor-gear manufacturer lowered its &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115005\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115005","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115005"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115005\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}