NVIDIA reigns supreme while majority of stocks decline on the week – Stock Market Analysis for May 24, 2024

Welcome back everyone to Stock Market Weekly Episode #733 for Friday, May 24, 2024 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

In this week’s episode:

• NVIDIA posts 26B Rev, 6.12 EPS, stock split
• No follow through selling to Thursday
• Lightest volume week of the year
• Meme stocks drop off the radar
• Bitcoin retests 70,000 range highs
• Ethereum ETF approved

Markets covered: VIX KWEB IBIT ETHE

Stocks covered: NVDA MRNA COIN WDAY

We hope that you enjoyed this week’s episode!

Thanks to our sponsor Investor’s Business Daily for allowing us to showcase some of their stocks and data tables in this video. To get access to IBD’s stock lists and complete Industry Rankings, sign up here.