(Bloomberg) — Pending sales of existing US homes stalled in September, suggesting anxiety about the job market kept potential buyers sidelined despite a welcome easing in mortgage rates. Most Read from Bloomberg An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according…
When AI starts to feel like the metaverse, the stock market’s favorite trade could be in trouble. BCA Research said it was looking for one warning sign in particular when it comes to the AI boom, which has sent tech stocks into stratospheric territory as companies pour billions into AI-related investments. According to Peter Berezin,…
It’s not often that the Federal Reserve eases monetary policy with the stock market this strong. But when it does, it’s like throwing gasoline on a fire. The Fed is widely expected to lower its overnight rate by a quarter percentage point on Wednesday. That would take place with the S & P 500 at…
New York — Nvidia just became the world’s first $5 trillion company. Unprecedented demand for the company’s AI chips have propelled the company’s market valuation into the stratosphere. The milestone, which Nvidia reached at Wednesday’s open, comes just three months after the company crossed the $4 trillion mark. It took Nvidia about 13 months to…
My top 10 things to watch Wednesday, Oct. 29 1. The biggest two days of 2025 begin. The Fed concludes its October meeting this afternoon and is expected to lower interest rates by another 25 basis points to a range of 3.75% to 4%. The post-announcement news conference with Fed Chairman Jerome Powell is also…
Today, Nvidia Corporation (Nasdaq: NVDA) became the first company to cross the $5 trillion valuation—in premarket trading, at least. It marks a major milestone in stock market history and suggests that once other unthinkable valuations are within reach. But Nvidia isn’t the only company breaking a trillion-dollar threshold. Fellow tech giants like Apple, Meta, and…
Yesterday was the 96th anniversary of Black Monday, the day in 1929 when the Dow Jones index fell 13%. This began a period of chaotic selling that didn’t end until the stock market lost 89% of its value the following year, and the U.S. was plunged deep into the Great Depression. Today, markets couldn’t look…
US stock futures rose on Wednesday to eye fresh records, with hopes for a China boost to Nvidia (NVDA) buoying techs in the wait for the Federal Reserve to confirm bets on an interest-rate cut. S&P 500 futures (ES=F) rose 0.2%, while those on the tech-heavy Nasdaq 100 (NQ=F) gained roughly 0.4%, following a strong…
US stock futures are narrowly mixed this morning as investors brace for a widely anticipated interest rate cut from the Federal Reserve. Attention is turning to what Chair Jerome Powell signals about the path ahead. Uncertainty around delayed economic data and stubbornly steady Treasury yields is keeping the mood cautious, prompting many investors to weigh…
Nvidia CEO Jensen Huang gestures as U.S. President Donald Trump (not pictured) delivers remarks during the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters Shares of Nvidia rose more than 3% in premarket on Wednesday, putting the tech giant on track to become the first company to…