Stocks are set to extend their biggest gain since the November election with jobs and retails sales data in focus.
The company makes an explicit appeal to the president-elect to reject tighter controls on the export of artificial-intelligence hardware.
Nvidia still has the stock-boosting power, but its strength may be waning as some investors wonder how long it will last.
Wall St rallies as Intel, Nvidia, and SLB lead gains. Banks surge 6%, while Truist climbs on strong profits. Investors eye Trump’s policy outlook.
The Biden administration's proposal would put more pressure on companies like Nvidia to crack down on where resellers ultimately send their chips.
The Dow Jones Industrial Average and the Nasdaq headed in different directions at the close Wednesday after the Federal Reserve released minutes of its December meeting. Artificial intelligence giant Nvidia tested a key level in the wake of a huge drop.
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.
Bull markets often carry with them great expectations about future growth. Sometimes those expectations by the investing masses are too lofty given fresh incoming realities. I fancy that is the case today as we get ready to enter a firehose of news over the next month that could inject renewed volatility into markets.
US stocks (^DJI,^GSPC, ^IXIC) are trading lower, erasing gains from earlier in the day after new economic data raises concerns about a hawkish Federal Reserve. Alexandra Canal breaks down what investors need to know on Wealth.
S&P 500 futures are up 0.01%. Dow Jones Industrial Average futures are adding 0.01%. Nasdaq 100 futures are off 0.05%. On Monday, the Dow Jones Industrial Average fell 26 points, or 0.06%, to 42,707,