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Apex Trader Funding (ATF) - News

Chipmakers, Cruise Lines, Crypto Rally, Nvidia Reclaims $3 Trillion; Blue Chips, Small Caps Dip: What's Driving Markets Tuesday?

Tech stocks are poised to break a three-day losing streak on Tuesday, driven by a robust rally in chipmakers, with Nvidia Corp. (NASDAQ:NVDA) rising over 4% and reclaiming its $3-trillion valuation. The VanEck Semiconductor ETF (NASDAQ:SMH) rose 1.8% after dropping over 7% in the last three sessions, indicating a resumption in risk sentiment toward artificial intelligence-related stocks. The tech-heavy Nasdaq 100 advanced nearly 1%, outperforming other major indices. Sentiment remains lackluster in non-tech sectors. The S&P 500 edged higher by only 0.1%, while the Dow Jones Industrial Average and the Russell 2000 fell 0.9% and 0.6%, respectively. Treasury yields saw slight increases following hawkish comments from the Fed’s Michelle Bowman, who did not rule out further rate hikes if inflation improvements stall. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) dipped 0.2%, while a trade-weighted measure of the U.S. dollar gained 0.2%. Commodities mostly declined, ...