Dow Jones Today: Stocks Move Higher as Investors Await Clues on Rate-Cut Timetable
U.S. stocks moved higher Monday morning, after major indexes closed last week at record highs amid optimism that the Federal Reserve could be in a position to start cutting interest rates soon.
Markets News, May 23, 2024: Dow Tumbles 600 Points as Nvidia Rally Fizzles, Treasury Yields Climb
U.S. stocks sank Thursday after a tech-led rally fuelled by AI chip giant Nvidia’s (NVDA) blowout results and stock-split plans gave way to a broad sell-off.
It’s Nvidia’s (NVDA) earnings day, with the world’s hottest AI tech firm expected to report surging sales after the bell, although overly bullish investors could mean volatile stock trading after the chipmaker’s results come out;
Target missed quarterly estimates and guided below expectations for the current period, citing restrained consumer spending, and shares of the retailer dropped.
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