Wall Street Closes at Record Highs Fueled by Fed Rate Cut and Nvidia-Intel Deal
U.S. markets ended at record highs driven by a quarter-point rate cut by the Federal Reserve and a surprise investment by Nvidia in Intel. Intel shares rose nearly 23%, its biggest jump in decades, while Nvidia also gained. Tech and semiconductor sectors led the rally, with small-caps showing strength. Broader indexes like S&P 500 and Nasdaq rose significantly. Investors are now pricing in more rate cuts this year, though there is caution around potential overvaluation and global economic risks.
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29 days ago
Wall Street Closes at Record Highs Fueled by Fed Rate Cut and Nvidia-Intel Deal
U.S. markets ended at record highs driven by a quarter-point rate cut by the Federal Reserve and a surprise investment by Nvidia in Intel. Intel shares rose nearly 23%, its biggest jump in decades, while Nvidia also gained. Tech and semiconductor sectors led the rally, with small-caps showing strength. Broader indexes like S&P 500 and Nasdaq rose significantly. Investors are now pricing in more rate cuts this year, though there is caution around potential overvaluation and global economic risks.
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Wall Street Closes at Record Highs Fueled by Fed Rate Cut and Nvidia-Intel Deal
30 days ago
1 min read
79 words
Fed rate cut + Nvidia-Intel deal push U.S. markets to records, but investor caution remains.
U.S. markets ended at record highs driven by a quarter-point rate cut by the Federal Reserve and a surprise investment by Nvidia in Intel. Intel shares rose nearly 23%, its biggest jump in decades, while Nvidia also gained. Tech and semiconductor sectors led the rally, with small-caps showing strength. Broader indexes like S&P 500 and Nasdaq rose significantly. Investors are now pricing in more rate cuts this year, though there is caution around potential overvaluation and global economic risks.
U.S. markets ended at record highs driven by a quarter-point rate cut by the Federal Reserve and a surprise investment by Nvidia in Intel. Intel shares rose nearly 23%, its biggest jump in decades, while Nvidia also gained. Tech and semiconductor sectors led the rally, with small-caps showing strength. Broader indexes like S&P 500 and Nasdaq rose significantly. Investors are now pricing in more rate cuts this year, though there is caution around potential overvaluation and global economic risks.