As the financial world prepares for Wednesday's Federal Reserve decision... |
Seema Mody will look at the impact on emerging markets, a big area of focus over the last several months. The iShares MSCI Emerging Markets ETF (EEM) is down 5% in the last month.
Since the end of January, EEM is down 10%. The iShares MSCI Brazil ETF (EWZ) is down 8.7% in a month. The iShares MSCI China ETF (MCHI) is down 6.7% in a month.
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Diana Olick will have the number at 10 a.m. ET Tuesday. Many homebuilding stocks have fallen so far in March. Beazer Homes is down 5% this month. Masco is down 4.4% this month. Toll Brothers is down 4% this month.
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Nvidia, big chips and (mostly) big gains |
Nvidia is up 11.5% in March. Shares are up 21% in a month and up 77% in 2023. The company will have a key presentation at the GPU Technology Conference tomorrow, focusing largely on artificial intelligence. Kristina Partsinevelos is covering the event for CNBC. Intel is up 17% in March and up 5.6% in a month. Shares have gained 10% in 2023. AMD is up 23% in March and up 50% in 2023. IBM, however, is down 2.6% in March. Shares are off by 6.7% in a month and down 10.6% in 2023. The VanEck Semiconductor ETF (SMH) is up 5.6% in March and up 25% in 2023.
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A bummer for cannabis stocks |
Global X Cannabis ETF (POTX), Aurora Cannabis, Canopy Growth and Cronos Group all hit 52-week lows. POTX is now down 20% in 2023. The ETF fell nearly 4% today. Aurora is down 28% in 2023. Shares were down 9% today. Canopy Growth is down 19.5% in 2023. It fell 7% today. Cronos is down 26% in 2023. The stock is off by 4% today.
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