Market Report Nov 22 2023

On Tuesday, the market experienced a slight pullback as traders engaged in profit-taking ahead of NVDA earnings. This cautious market selling pressure appeared limited, suggesting a lack of real conviction among sellers during this typically robust market season. Trading volumes at the NYSE and Nasdaq remained below average during this phase.

The release of the FOMC Minutes from the October 31 to November 1 meeting revealed a cautious approach by the Federal Reserve.

The market's response to the minutes was relatively subdued, as the information largely aligned with existing market expectations so offered nothing new.

NVDA earnings were released overnight with a beat, but price failed to show enthusiasm to those numbers.

Javid Shaik

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