Meta's Cloud Business Plan and US Employment Data Drive Markets

NVDA shares closed up 1.8% in the last session, but the RSI at 50.8 remains in neutral territory, with the price trading near both its 20-day and 50-day moving averages. While the MACD gives a positive signal above zero, short-term direction may be influenced by macro factors such as Meta's cloud business plan and US employment data mentioned in the news. Therefore, it would be prudent to wait for the market to price in these developments before a clear directional signal emerges. In the near term, a sideways or limited movement can be expected.

Although AMD shares have risen 4.5% in the last 24 hours, the RSI stands at 45.6, indicating neutral territory, and the price remains below the 20-day moving average (554.29). The MACD is trading below its signal line, suggesting weak short-term momentum. While macro factors such as Meta's cloud business plans and US employment data dominate the news headlines, there is no AMD-specific catalyst. Therefore, the current technical outlook and news flow do not provide sufficient signals to determine a clear direction.

The S&P 500 (SPX) rose 1.75% in the past 24 hours to reach 7,485, closing above its 20-day simple moving average (SMA) of 7,475. The Relative Strength Index (RSI) at 57.9 remains in neutral territory but supports upward momentum. Although the MACD line continues to trade below the signal line, the narrowing gap suggests potential for a short-term recovery. Positive catalysts such as Meta's cloud business plan and US employment data could support the index's upward movement. However, sustained positioning above the 50-day SMA (7,417) and a break above the 7,500 resistance level are needed.