The View from 5th Avenue

The View from 5th Avenue – 21 November 2024

A sea of green greeted investors at the close today with US equities posting widespread gains and the S&P500 back just 88bps away from its all-time high. At an index level the Russell led gains, followed by the S&P500 equal weighted index, and then the Dow took third place but still closed comfortably up >100bps. Contention over Nvidia’s Q3 report dominated the airwaves as the stock traded on either side of flat but ultimately, investors were assuaged by positive commentary around the highly an…

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