Schwab Investors Flock to Nvidia (NVDA) Stock Amid April’s Financial Turbulence
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- April saw a downturn in the stock market, with major indexes such as the Nasdaq, S&P 500, and Dow Jones Industrial Average experiencing losses.
- Factors such as higher inflation and strong jobs data, which dampened hopes of a rate cut, contributed to the poor performance.
- Despite the overall decline, certain stocks like Nvidia, Microsoft, and Amazon were favored by investors.
Despite a challenging month for the stock market in April, investors showed a preference for stocks like Nvidia, Microsoft, and Amazon. This article delves into the factors influencing these trends and the outlook for these stocks.
April’s Stock Market Performance
April was a challenging month for the stock market. Despite encouraging company earnings, investors took a breather and indexes fell after five months of solid gains. The Nasdaq lost 4.4% for the month while the S&P 500 fell 4.2%. The Dow Jones Industrial Average lost 5%, according to IBD MarketSurge. Much of the indexes’ poor performance can be traced to higher inflation and stronger jobs data pushing back hopes of a rate cut.
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