"The markets have set their sights on redemption. With all eyes on Nvidia's ( Nasdaq: NVDA) upcoming earnings, stocks are teetering, oscillating between positive and negative territory. While Nvidia doesn't report until midweek, the anticipation is already in the air given CEO Jensen Huang's ability to influence markets with the flash of his leather jacket. Sectors of the economy are mixed, led by communication services with 2.6% advance while tech and energy sectors are at the bottom of the heap today."
"In an unlikely pairing, Ford ( NYSE: F) and Amazon ( Nasdaq: AMZN) have teamed up, powering used vehicle dealers with e-commerce access to sell vehicles that are not moving on the car lot. Separately, Amazon is looking to raise funds through an offering in the debt capital markets. According to reports, Amazon is eyeing $12 billion in the bond offering."
Markets are volatile as investors focus on Nvidia's upcoming earnings, creating oscillation between gains and losses across major indexes. Communication services lead with a 2.6% advance while technology and energy lag. Ford and Amazon formed a partnership to enable used-vehicle dealers to sell slow-moving inventory through e-commerce channels. Amazon is reportedly pursuing about $12 billion in a bond offering to raise capital. Investor activity includes Peter Thiel's fund selling its entire Nvidia stake and reducing Tesla holdings, following SoftBank's recent Nvidia divestment. Microsoft has an upcoming ex-dividend date for a $0.91 per-share distribution. Netflix’s 10-for-1 split is in effect.
Read at 24/7 Wall St.
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