Nvidia hit a market value of $3.92 trillion, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.
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Tag: Dow Jones Industrial Average
S&P 500, Nasdaq near record highs as rate-cut bets creep up
Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group’s FedWatch tool.
Read More S&P 500, Nasdaq near record highs as rate-cut bets creep up
Trump: Tariffs On China Will ‘Come Down Substantially… We Are Going To Have A Fair Deal’
President Donald Trump has hinted at a possible reversal of course in his trade war with China, stating that high tariffs on Chinese imports will “come down substantially, but it won’t be zero.” These remarks seemingly prompted markets to spike on Wednesday.
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Musk Advocates For ‘Zero Tariff Situation’ Between Europe And US
Trump advisor Elon Musk advocated for free trade between the United States and Europe in hopes that both sides can eliminate the need for tariffs while growing economic ties.
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Wall Street gains with all eyes on Fed rate decision
Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision.
Read More Wall Street gains with all eyes on Fed rate decision
Nasdaq falls over 3% to six-month low on growth concerns
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Read More Nasdaq falls over 3% to six-month low on growth concerns