Nvidia, Market Data
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Nvidia, Wall Street
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19hon MSN
Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.
If this Wall Street analyst is correct, Nvidia shareholders will see monster returns through the end of the decade.
A mixed day of trading left the U.S. stock market split, as Wall Street’s momentum slowed after setting record highs in each of the last two days
The crypto-fueled betting market on whom President Donald Trump will pick to be next Fed chair (as long as he does so by the end of the year) moved toward Kevin Hassett following a new Wall Street Journal article chronicling the race.
Investors are digesting Trump's stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.