Bull run to continue, stock markets may hit record highs this week, could gain massive $85 billion

US stock market is likely to hit the record highs as Wall Street may witness a mammoth inflow worth around $85 billion to equities segments, as per predictions made by Goldman Sachs.

Goldman Sachs' estimates come at a time when the Dow Jones Industrial Average has been hovering around an all-time high mark.

The corporate repurchase window remains upward during August-September period. Corporate stock buyback will continue September 13 so as the positive trading of stocks, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs Group Inc.


Rubner also predicted a record northward journey for S&P 500 this week, bnnbloomberg reported.

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Investors are also watching next week's US employment report for signs on whether the labor market weakness that roiled stocks in early August has dissipated.

Wall Street was poised to make gains as markets shifted their focus toward upcoming data on the US economy after Nvidia reported its financial results. Futures for the Dow Jones Industrial Average climbed 0.6 per cent before the bell, while futures for the S&P 500 and Nasdaq each gained 0.2 per cent.

Nvidia, one of several companies that have benefitted from the frenzy over artificial intelligence, reported earnings Wednesday after the bell. The results showed strong profit and revenue growth.

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On Thursday, Microsoft rose 0.50 per cent, Meta added 0.40 per cent, Alphabet climbed 0.30 per cent and Amazon.com was up 0.60 per cent, while Apple gained 1 per cent.

FAQs

Q1. Has Nvidia reported its financial results?
A1. Yes, Nvidia reported its financial results.

Q2. Why are Nvidia stocks important?
A2. With a total market value topping $3 trillion, Nvidia is one of the most influential stocks on Wall Street and considered a bellwether for the broader AI industry.