Nvidia (NVDA) shares rose more than 4% Wednesday to notch a new record high of $154.31, completing a remarkable turnaround from earlier this year. Nvidia shares previously hit a record close of $149.43 on Jan. 6. The stock’s gain also saw shares reach a fresh intraday high during Wednesday’s trading session. The AI chipmaker’s stock…
US stocks ended mixed on Wednesday, with the S&P 500 closing flat as traders assessed whether the rally has more room to run. The index edged down less than 0.01% to end at 6,092.16, hovering just below its record high of 6,144.15. The Dow Jones dipped 106 points, or 0.25%, to close at 42,982.43, while…
Global stocks were mixed Wednesday as markets weighed lingering worries about the Iran-Israel conflict while Nvidia surged to a fresh all-time high on bullishness over artificial intelligence. Analysts cited not only concerns that the ceasefire between Iran and Israel could break down, but leaked US intelligence that said strikes had set back Tehran’s nuclear program…
Chewy ‘s entry into the clinical veterinarian market opens the pet-focused retailer to a multibillion-dollar market and can send its shares sharply higher, according to Morgan Stanley. Analyst Nathan Feather named Chewy a top pick, rating it overweight with a $50 price target, implying 15% appreciation from Tuesday’s close. More optimistically, Feather raised his bull…
By Chibuike Oguh NEW YORK (Reuters) -Global shares hovered near record highs on Wednesday as Middle East tensions eased, with markets focused on U.S. inflation and prospects of an interest rate cut. Crude prices rose after snapping three straight sessions of losses. The benchmark S&P 500 index finished unchanged and near a record high reached…
Despite little change in the U.S. stocks on Wednesday, investors watched the markets closely. The S&P 500 closed the day just 51 points off from its all-time high closing price of 6,144 on February 19. The Dow Jones closed the day down about 106 points, but still higher than its mid-afternoon lows on Monday. Meanwhile,…
Coinbase Global (COIN) stock is flying after two pivotal developments: the U.S. Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and Coinbase’s push to gain SEC approval for tokenized equity trading. Both have massive implications for the crypto economy-focused financial technology company. While the regulatory skies are clearing for…
A fragile ceasefire between the two countries appears to be holding, at least for the moment. On Wall Street, companies involved in the cryptocurrency industry rose as the price of bitcoin continued to steam ahead with investors willing to take on more risk. Coinbase Global, the crypto exchange, climbed 1.6%, and Robinhood Markets gained 0.3%…
CHICAGO — BlackRock’s Rick Rieder is confident a stock market nearing all-time highs can go even higher in the second half of 2025, as inflation comes down because of artificial intelligence. “I think it’s the greatest technology revolution ever. So, what does it mean? My personal view, inflation is coming way down,” Rieder said Wednesday…
The BBC’s Lyse Doucet reports from Iran’s capital city, Tehran during what appears to be an enduring ceasefire with Israel. The pause follows a volatile 24 hours in the Middle East, during which the White House mediated between the two countries. Lyse Doucet is being allowed to report in Iran on condition that none of…