The aftereffects of Powell's speech linger, NVIDIA's earnings report is set to debut this week, can the S&P 500 continue its upward trend?
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This week, the U.S. stock market will face an important test as NVIDIA is set to announce its earnings report on Wednesday. The market generally believes that its performance will impact the movement of the S&P 500 index. Last Friday, Federal Reserve Chairman Jerome Powell hinted at a possible interest rate cut, leading to a 1.5% increase in the S&P 500 index. However, on Monday, the market failed to maintain its upward momentum, with the S&P 500 index dropping 0.43%. NVIDIA's weight in the S&P 500 is close to 8%, and its earnings report performance may significantly influence market reactions
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