The S&P 500 gained 0.5% over the week, supported by in-line inflation data and blockbuster results from Nvidia. Several stocks have reached overbought territory, with their relative strength index (RSI) exceeding the 70 threshold. Salesforce surged roughly 22% on the week, driven by beat-and-raise quarterly results and a new partnership with AI company Anthropic. J.M. Smucker also reported better-than-expected figures, with net sales up 5% and adjusted earnings per share increasing by 71%.
Source: Read the original article
