US market today: Tech stocks drag Wall Street lower as Fed rate cut hopes fade; Nvidia, Tesla and Amazon lead sell-off

US market today: Tech stocks drag Wall Street lower as Fed rate cut hopes fade; Nvidia, Tesla and Amazon lead sell-off

Wall Street pointed to a weaker open on Tuesday as technology stocks that fuelled early-week gains retreated, with investors scaling back expectations of another Federal Reserve rate cut this year amid persistent inflation concerns.Futures for the S&P 500 slipped 1%, while those for the Dow Jones Industrial Average were down 0.6%. Nasdaq futures fell the…

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Nvidia’s market cap reaches $4 trillion! US chipmaker only 5% shy of crossing India’s total GDP; what’s driving the rise?

Nvidia’s market cap reaches $4 trillion! US chipmaker only 5% shy of crossing India’s total GDP; what’s driving the rise?

India’s GDP is estimated at $4.2 trillion, according to the IMF, with projections indicating growth to $4.27 trillion soon. Nvidia Corporation’s market capitalization has crossed the $4 trillion mark! Nvidia Corporation, the US chipmaker giant, became the first company in the world to cross the $4 trillion market valuation figure. Nvidia achieved this significant milestone…

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