On this week’s AHR Market review.
Global equity markets posted another positive week of performance led by US technology stocks.
The earnings announcement from Nvidia saw the company smash earnings and revenue expectations, as well as providing positive guidance for the remainder of the year around demand for AI focused semi-conductors.
US equity markets continued to reach new highs over the week, rising 1.7%, driven by the bumper earnings announcement from Nvidia on Wednesday.
Within commodities, oil prices fell about 2%, reversing course from the prior week’s gain, despite the ongoing conflict in the Middle East.
Looking to the week ahead, Wednesday’s scheduled release of an updated U.S. GDP estimate will be among the week’s most closely watched economic reports.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.