US stocks pulled back from record highs before the bell on Friday as Wall Street readied for an update on consumer inflation that will feed into expectations for interest-rate cuts. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) both fell about 0.3%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led…
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia (NVDA) looked set to receive a green light for trade with China from the Trump administration. The S&P 500 (^GSPC) traded below the flat line after opening higher, while the…
Nvidia (NVDA) is moving to reestablish its foothold in the Chinese market, announcing late Monday night that it plans to restart sales of its H20 AI chips in the region. The company has also unveiled a new GPU model specifically engineered to align with US export regulations. In a company blog post, Nvidia said it…
Nvidia (NVDA) is moving to reestablish its foothold in the Chinese market, announcing late Monday night that it plans to restart sales of its H20 AI chips in the region. The company has also unveiled a new GPU model specifically engineered to align with US export regulations. In a company blog post, Nvidia said it…
US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.6% while the Dow Jones Industrial Average (^DJI) rose more than 1.5%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) soared 2.2%….
The Federal Reserve cut interest rates by 0.25% on November 7. The labor market has softened, and year-on-year inflation rates have eased, leaving the door open for more interest rate cuts in the future. Federal Open Market Committee projections from September 2024 reflected expectations of rate cuts through the end of 2026. Federal Reserve Board…