Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0500 |
Strike | 170.00 |
Expire Date | 2024-05-24 |
Day's Range | 0.0100 - 0.8500 |
Contract Range | N/A |
Volume | |
Open Interest | 2.49k |
Salesforce, Cava, Dell and Abercrombie & Fitch earnings loom but the core PCE price index, the Fed's favorite inflation gauge, highlights the week.
A downside reversal sets up an expectation for further weakness. But what if that doesn't materialize?
Shares of Dell Technologies hit a record high on Friday amid a rally in companies working on generative artificial intelligence applications, buoyed by strong optimism for the new technology. AI-heavyweight Nvidia posted strong quarterly results and forecast current-quarter revenue above Wall Street expectations on Wednesday, reinforcing that customers' spending on genAI will continue to hold strong. The positive momentum extended to Dell, which has recently launched AI-oriented personal computers and more powerful servers in collaboration with Nvidia.