An eventful first half of the year will wrap up on Friday, and it's been an unexpectedly strong one. The S & P 500 is up nearly 14% year to date, putting it on track for its best first-half performance since 2021. Back then, the index surged 14.4% in the first six months of the year. Those gains come even as the Federal Reserve kept raising rates, many investors were fearful that the economy would fall into a recession, and a crisis raised concern over the health of the U.S.
Nvidia has quickly become an AI darling in Wall Street, with many analysts calling it the best way to gain exposure to the burgeoning trend due to its chips. However, the stock was under pressure after a Tuesday evening report in The Wall Street Journal said the U.S. was considering restricting exports of some AI semiconductors to China.
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