The Direxion Daily NVDA Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of NVIDIA Corporation. Best Leveraged ETFs in FocusĪgainst this backdrop, below we highlight a few winning leveraged ETFs of last week.ĭirexion Daily NVDA Bull 2X Shares NVDU – Up 31.4% Powell's recent statements, which stress the need for “greater confidence” in the decline of inflation before considering rate cuts, also reinforced this sentiment. Markets are now pricing in only one interest rate cut this year, reflecting a significant shift from the earlier projections. However, the yield closed the week at 4.67%. 10-year Treasury yield reached 4.70% on Apr 25, 2024, marking the first time since early November. This surge in inflation raised doubts about the sooner-than-expected U.S. This topped estimates of 3.4% and marked a substantial increase from the 2% gain in the previous quarter. The core PCE Price Index, which excludes volatile food and energy prices, held steady at 2.8% on a yearly basis, surpassing analysts' estimate of 2.6%.On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%.Ĭore Personal Consumption Expenditures (PCE) index surged 3.7% year over year in the first quarter. This reading came in above the market expectation of 2.6% (read: 4 ETF Areas to Play Amid Slower Growth & Rising Inflation). inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.7% on a yearly basis in March from 2.5% in February. Core PCE Inflation Rises Faster Than Expected The growth reflects a clear slowdown from the 3.4% increase in the fourth quarter of 2023 and was also much lower than the 4.9% reported in the year-ago quarter (read: GDP Growth Slows in Q1: 5 ETFs to Invest In). economy expanded at the slowest pace in two years, with GDP rising 1.6% annually in the first quarter, missing Wall Street expectations of a 2.4% increase. However, despite last week's resurgence, both Apple and Tesla remain in negative territory for the year. Meanwhile, MSFT, Amazon (AMZN) and Apple AAPL recorded modest gains of 1.6%, 1.5% and 2.1%, respectively.Īlphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla collectively added $686 billion in market value, in their strongest weekly performance since the week ending Nov 3, 2023, according to Dow Jones Market Data, as quoted on MarketWatch. Most tech companies’ promise to spend big on the AI revolution boosted the NVIDIA NVDA stock, which jumped 12.3% last week. Tesla TSLA gained 19.7% on future affordable EV plans despite the Q1 miss. On the other hand, Facebook-parent Meta (Meta) offered downbeat revenue guidance and saw shares slumping 9.4% last week. company to reach the $2-trillion market cap milestone. Alphabet which gained 11.3% last week on the back of upbeat earnings, became the fourth U.S.

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