Friday Market Update: Nasdaq Leads, Semiconductors Surge, Crude Oil Dives

This morning's premarket update shows the Nasdaq leading lower while commodities are mixed. Weekly, the S&P 500 is up 0.75%, with the Nasdaq outperforming at 1.64%. Notable sector moves include semiconductors surging over 6%, while crude oil is sharply down, and gold is up nearly $50. Thursday's trading saw gains for travel and mining stocks while energy stocks fell. Nvidia's performance lagged behind the semiconductor sector, and Chinese stocks like Alibaba and JD.com surged. The VIX remains on a sell signal, supporting higher stock prices unless the VIX closes above 17.53 on Friday. Stephen Whiteside TheUpTrend.com Friday, September 27, 2024 https://theuptrend.com/morning-market-outlook-09272024/