Treasury Secretary Scott Bessent recently maintained that President Donald Trump has no intention of firing Federal Reserve Chair Jerome Powell—in light of previous statements made by Trump where he suggested that he wishes the fed chair would resign.
Read More Bessent reiterates Trump doesn’t plan to fire Fed. Chair Powell: ‘He’s said that on numerous occasions’
Nvidia notched a market capitalization of $4 trillion, making it the first public company to solidify its position as one of Wall Street’s most-favored stocks.
Read More Nvidia clinches historic $4 trillion market value on AI dominance
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.
Read More Nvidia set to become world’s most valuable company in history
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
UnitedHealth Group shares plunged 16% to hit a five-year low after the Wall Street Journal reported that the DOJ was investigating the company for potential Medicare fraud.
Read More UnitedHealth tumbles as criminal probe report adds to investor fears
Wall Street’s main indexes advanced on Thursday as strong quarterly results from heavyweights Microsoft and Meta pointed to a resilient outlook for the technology sector.
Read More Nasdaq leads gains on Wall Street as Microsoft, Meta surge