Nonfarm payrolls, Nvidia, GameStop - what's moving markets
Investing.com -- The monthly payrolls report is the highlight of the day's activity, as investors look for more clues as to when the Federal Reserve will start cutting interest rates. Nvidia remains in the spotlight, although short positions in the AI giant are rising, while volatility in meme stock GameStop is set to continue. .
The main focus will be the nonfarm payrolls report , as investors look for further evidence of a slowing economy that may support interest rate cuts from the Federal Reserve.) has been a major beneficiary of a spike in enthusiasm around the applications of AI, with its stock more than trebling over the last year, culminating in its market capitalization surging past $3 trillion on Wednesday.
The struggling videogame retailer surged 20% on Monday after the influencer’s - Keith Gill is his real name - Reddit profile returned with a post showing a $116 million bet on the stock after a three-year gap. He said the group can pause or reverse voluntary output increases if it decides the market is not strong enough.
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