{"id":84593,"date":"2024-05-29T15:46:16","date_gmt":"2024-05-29T12:46:16","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=84593"},"modified":"2025-12-29T16:42:54","modified_gmt":"2025-12-29T14:42:54","slug":"equities-report-equities-send-out-mixed-signals","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/es\/equities-report-equities-send-out-mixed-signals\/","title":{"rendered":"Equities report: Equities send out mixed signals"},"content":{"rendered":"<p>Since our last report, the NASDAQ 100 has moved higher and formed a new all time high figure, yet the Dow Jones 30 and S&amp;P500 appear to have moved lower. At this point we would like to note our concerns, in regards to the recent direction taken by the Dow Jones 30, and its divergence with the S&amp;P 500\u2019s and Nasdaq 100\u2019s price direction, which could be an early sign of a trend reversal. In today\u2019s report, we would like to address what seems to be fundamentally driving them, and then narrow our focus on &nbsp;the US Core PCE rates, the lobbying efforts by Amazon, Apple and Google &nbsp;in addition to the implications of Nvidia\u2019s recent earnings report. We conclude our report with a technical analysis of Nasdaq\u2019s daily chart.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-core-pce-rates-are-due-out-on-friday\"><strong>US Core PCE rates are due out on Friday<\/strong><\/h2>\n\n\n\n<p>Since last week, the FOMC\u2019s last meeting minutes, tended to highlight a predisposition by policymakers to maintain interest rates higher for longer. In particular, policymakers highlight that \u201cDomestic data releases over the intermeeting period pointed to inflation being more persistent than previously expected implying that the Fed may keep rates higher for longer in order to ensure inflation returns to the bank&#8217;s 2% inflation target. The implications of maintaining interest rates higher for longer, could weigh on US Equities. However, the real test for the US Equities markets, may be the release of the US Core PCE rates for April on Friday, which are the Fed\u2019s favorite tool for measuring inflationary pressures. Should the rates imply a persistent or even an acceleration of inflation in the US economy, it could increase pressure on Fed policymakers to maintain current interest rate levels for a greater period of time than what is currently expected by market participants. Such a scenario may support the dollar, whilst weighing on US Equities and vice versa.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-google-goog-amazon-amzn-and-apple-aapl-oppose-india-s-antitrust-proposal\"><strong>Google (#GOOG), Amazon (#AMZN) and Apple (#AAPL) oppose India\u2019s antitrust proposal<\/strong><\/h2>\n\n\n\n<p>According to a report by <a href=\"https:\/\/www.reuters.com\/technology\/google-amazon-apple-lobby-group-opposes-indias-eu-like-antitrust-proposal-2024-05-28\/\">Reuters<\/a>, a US lobby group representing Google (#GOOG), Amazon (#AMZN), and Apple (#AAPL) has asked India to rethink its proposed competition law, which has been described as similar to that of the EU\u2019s Digital Markets act of 2022. The US lobby group according to the same article, argues that regulations against data use and preferential treatment of partners could raise user\u2019s costs . Furthermore, India\u2019s Digital Competition Bill wil apply to big firms, including those with a global turnover of $30 billion and whose digital services have at least 10 million local users. The proposed bill could inadvertently reduce the potential revenue from the Indian consumer market for the aforementioned firms. Thus, with a population of over 1.4 billion, the Indian consumer market could be considered extremely valuable and lucrative for the aforementioned companies. Hence, should their potential future revenue from such a significant market be \u201cthreatened\u201d, it could weigh on their respective stock prices.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nvidia-beats-earning-expectations-once-again\"><strong>NVIDIA beats earning expectations once again<\/strong><\/h2>\n\n\n\n<p>The expectations were for Nvidia\u2019s earnings per share figure to improve to 5.58 from 5.16, in addition to the company\u2019s revenue increasing to 24.53B from 22.1B. However, the company once again beat market expectations, with Nvidia posting an earnings per share figure at $6.12 per share in addition to their revenue increasing to $26.04 billion. The better-than-expected earnings release appears to have propelled Nvidia\u2019s stock price to new all-time highs. Given the importance placed by analysts on Nvidia\u2019s earnings report, the better-than-expected earnings may have also improved the market sentiment surrounding the US Equities markets and in particular the Nasdaq 100.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-technical-analysis\"><strong>An\u00e1lisis t\u00e9cnico<\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us100-daily-chart\"><strong>#US100 Daily Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"975\" height=\"476\" src=\"\/wp-content\/uploads\/2024\/05\/image-113.png\" alt=\"\" class=\"wp-image-84595\"\/><\/figure>\n\n\n\n<p>\u2022 Support: 18500 (S1), 17800 (S2), 17000 (S3)<br>\u2022 Resistance: 19100 (R1), 19700 (R2), 20300 (R3)<\/p>\n\n\n\n<p>US100 appears to be moving in an upwards direction, with the index having broken above our resistance line now turned to support at the 18500 (S1) level. We maintain a bullish outlook for the index and supporting our case is the Bollinger bands which appear to be tilted to the upside, implying a bullish market sentiment, in addition to the RSI indicator below our chart which currently registers a figure near 60, implying a bullish market sentiment as well. Furthermore, we would also like to note the upwards moving trendline which was incepted on the 19<sup>.<\/sup> of April, which continues to be validated. For our bullish outlook to continue, we would require clear break above the next possible resistance level at the 19100 (R1) figure, with the next possible target for the bulls being the 19700 (R2) resistance level. On the flip side for a bearish outlook we would require a clear break below our 18500 (S1) support level, with the next possible target for the bears being the 17800 (S2) support line. Lastly, for a sideways bias we would require the index to remain confined between the possible sideways-moving channel being formed by the 18500 (S1) support level and the 19100 (R1) resistance line.<\/p>\n\n\n\n<p class=\"translation-block\"><i>Si tiene preguntas generales o comentarios relacionados con este art\u00edculo, env\u00ede un correo electr\u00f3nico directamente a nuestro equipo de investigaci\u00f3n a <a href=\"mailto:research_team@ironfx.com\">research_team@ironfx.com<\/a><\/i><\/p>\n\n\n\n<p>Descargo de responsabilidad:<br><i>Esta informaci\u00f3n no debe considerarse asesoramiento o recomendaci\u00f3n sobre inversiones, sino una comunicaci\u00f3n de marketing. IronFX no se hace responsable de datos o informaci\u00f3n de terceros en esta comunicaci\u00f3n, ya sea por referencia o enlace.<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>Since our last report, the NASDAQ 100 has moved higher and formed a new all time high figure, yet the<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-84593","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Equities Send Mixed Signals Ahead of Core PCE<\/title>\n<meta name=\"description\" content=\"US equities send mixed signals as Nasdaq hits new highs while Dow and S&amp;P retreat, with Core PCE and Nvidia earnings in focus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/es\/wp-json\/wp\/v2\/posts\/84593\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equities report: Equities send out mixed signals\" \/>\n<meta property=\"og:description\" content=\"US equities send mixed signals as Nasdaq hits new highs while Dow and S&amp;P retreat, with Core PCE and Nvidia earnings in focus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smartchinaeducation.com\/es\/equities-report-equities-send-out-mixed-signals\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-29T12:46:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-29T14:42:54+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Equities report: Equities send out mixed signals\",\"datePublished\":\"2024-05-29T12:46:16+00:00\",\"dateModified\":\"2025-12-29T14:42:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/\"},\"wordCount\":875,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/\",\"url\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/\",\"name\":\"US Equities Send Mixed Signals Ahead of Core PCE\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/#website\"},\"datePublished\":\"2024-05-29T12:46:16+00:00\",\"dateModified\":\"2025-12-29T14:42:54+00:00\",\"description\":\"US equities send mixed signals as Nasdaq hits new highs while Dow and S&P retreat, with Core PCE and Nvidia earnings in focus.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/equities-report-equities-send-out-mixed-signals\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Equities report: Equities send out mixed signals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/#website\",\"url\":\"https:\\\/\\\/www.smartchinaeducation.com\\\/es\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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