BernardaSv The stock market surged due to weaker-than-expected jobs and CPI reports, boosting investor confidence. Nvidia led the gains, soaring over 41% thanks to strong earnings and a stock split announcement. U.
S. domestic markets experienced significant gains during the recent period between Index selection dates (May 9, 2024 - June 12, 2024, the "Period"). Equity markets rallied following a weaker-than-expected jobs report and a softer CPI report.
The April CPI report released on May 15th showed a year-over-year gain of 3.4%, lower than the previous month, reinforcing hopes that inflation was being effectively controlled. These factors combined created a bullish environment for stocks, as investors anticipated a more accommodative monetary policy.
The bond market gained, highlighted by 2-year treasury note yields, which fell by 7 bps, closing the Period at a yield of 4.75%. The BUZZ NextGen AI US Sentiment Leaders Index (the "BUZZ Index") gained 4.
5% during the Period. The BUZZ Index returned 5.37% during the month of May compared to a return of 4.
96% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index slightly lags the S&P 500 with returns of 11.07% and 11.
30%, respectively, as of the end of May. Shares of NVIDIA Pace Advancing Stocks within the BUZZ Index Shares of NVIDIA Corporation ( NVDA ) led advancers within the BUZZ Index, soaring over 41% during the recent Period and pushing its market capitalization past $3 trillion. This surge followed t.
