wall street today

Wall Street today: Tech-rich Nasdaq leads US stocks after Q2 GDP expands 3% on consumer spending; Nvidia slips 3%

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Wall Street today: Tech-rich Nasdaq leads US stocks after Q2 GDP expands 3% on consumer spending; Nvidia slips 3%

Wall Street today: The tech-heavy Nasdaq led Wall Street’s main indexes higher on Thursday, August 29, after official data showed that the US economy rose three per cent in the second quarter, while artificial intelligence chip major Nvidia slipped as its largely in-line forecast failed to meet investors’ lofty expectations. A Commerce Department report showed … Read more

Wall Street cheers US Fed verdict: S&P 500 clocks best day in 5 months, tech-rich Nasdaq soars on Powell’s rate cut view

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Wall Street cheers US Fed verdict: S&P 500 clocks best day in 5 months, tech-rich Nasdaq soars on Powell’s rate cut view

The S&P 500 jumped 1.6% for its best day since February. The Dow Jones Industrial Average rose 99 points, or 0.2%, and the Nasdaq composite soared 2.6%. Major US indices spent almost the entire day in positive territory, hitting peaks during Fed Chair Jerome Powell’s press conference before edging down a bit. The tech-rich Nasdaq … Read more