The S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeahead of key inflation data. The S&P 500 closed virtually unchanged, up 0.23 points, while the Nasdaq Composite added 0.21%, boosted by a surge in Nvidia shares. However, thein response to heightened tensions.
"I firmly believe they'll beat the quarter on revenues and EPS but much like you saw with, you know, Microsoft, Amazon, Google or Tesla. I personally think the guidance could be weak." Investment research firm TS Lombard also issued a note of caution to investors, highlighting the high expectations for earnings. However, the firm still sees megacap technology as the key driver of the market.
"Make no mistake, it is still the US tech giants that set equities' tone," Konstantinos Venetis and Davide Oneglia wrote to clients."Their weight – in terms of market cap, earnings and profit margins – is simply too heavy to allow a sustained broad market divergence at this stage."you don't necessarily want to sell the market wholesale"I really like large-cap value stocks here.
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