CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Daily summary: Nvidia earnings trigger Wall Street market rally

19:50 22 February 2024
  • Nvidia reported solid earnings for fiscal-Q4 triggering an almost 15% surge in its shares. Company reported better-than-expected sales and earnings, and provide optimistic outlook for the current quarter
  • Other semiconductor companies also benefit from Nvidia's rally - AMD gains around 11%, while Broadcom jumps 6%. Big tech companies gains as well - Meta Platforms trades 4% higher, Amazon gains 3% and Microsoft adds 2%
  • Wall Street indices rally, fuelled by strong performance of tech sector. S&P 500 trades 2% higher and trades at fresh all-time highs. Nasdaq-100 gains almost 3% and trades near 18,000 pts. Dow Jones adds 1% while small-cap Russell 2000 trades 0.7% higher
  • European stock market indices finished today's trading higher. German DAX gained almost 1.5%, UK FTSE 100 traded 0.3% higher, French CAC40 and Dutch AEX jumped 1.3% while Italian FTSE MIB gained 1.1%
  • GBP and NZD are the best performing major currencies, while CHF and JPY lag the most
  • Energy commodities trade higher while gold and silver drop
  • Cryptocurrencies trade higher - Bitcoin gains 0.1%, Ethereum jumps 1.7% and Dogecoin trades 0.5% higher
  • ECB minutes showed that European central bankers still see premature rate cut as a bigger risk than delayed rate cut. More progress on disinflation needed. Money markets see the first ECB rate cut in June
  • Central Bank of the Republic of Turkey left 1-week repo rate unchanged at 45.00%, in-line with market expectations. This was the first hold since May 2023
  • US manufacturing PMI increased from 50.7 to 51.5 in February (exp. 50.5) while services PMI dropped from 52.5 to 51.3 (exp. 52.0)
  • French manufacturing PMI increased from 43.1 to 46.8 in February (exp. 43.5) while services PMI increased from 45.4 to 48.0 (exp. 45.6)
  • German manufacturing PMI dropped from 45.5 to 42.3 in February (exp. 46.1) while services PMI increased from 47.7 to 48.2 (exp. 48.0)
  • Euro area manufacturing PMI dropped from 46.6 to 46.1 in February (exp. 47.0) while services PMI increased from 48.4 to 50.0 (exp. 48.8)
  • UK manufacturing PMI increased from 47.0 to 47.1 in February (exp. 47.5) while services PMI stayed unchanged at 54.3 (exp. 54.1)
  • Canadian retail sales increased 0.9% MoM in December while core retail sales (excluding autos) increased 0.6% (exp. 0.7% MoM0
  • US existing home sales increased from 3.78 million to 4.00 million in January (exp. 3.97 million). Average sale price increased 5.1% YoY, with January being the 7th month of consecutive increases
  • EIA report showed a 60 billion cubic feet drop in US natural gas inventories (exp. -59 bcf)
  • DOE report showed a 3.51 million barrel build in US oil inventories (exp. +4.3 mb), a 0.29 mb drop in gasoline inventories (exp. -3.0 mb) and a 4.01 million barrel plunge in distillate inventories (exp. -1.8 mb)

Nvidia (NVDA.US) rallies around 15% today and supports sentiment towards whole the sector, driving the 2.5% jump on Nasdaq-100 (US100). Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language