Stocks don't care that PPI and the Philly Fed Survey show more signs of inflation
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Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
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Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
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Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
Fox Business•Hungarian Group Inaugurates Green Hydrogen Production Project
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POWER Magazine•Magnificent Seven Stocks To Buy And Watch: Nvidia Stock Dives Below Key Level
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Investor's Business Daily•Nvidia Falls Below Key Level Of Support; Is Nvidia A Buy Now?
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Investor's Business Daily•Stock market today: Tech stocks smoked, Nvidia tumbles 10% to cap worst week of the year
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Yahoo Finance•