A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, May 27, 2024, in Tokyo. People are reflected on an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, May 27, 2024, in Tokyo. A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, May 27, 2024, in Tokyo. FILE - Tourists gather near the New York Stock Exchange on May 16, 2024, in New York.
The Dow Jones Industrial Average rose less than 0.1% to 39,069.59, and the Nasdaq composite gained 1.1%, to 16,920.79, topping an all-time high set earlier in the week.blowout profit report from Nvidia That could help stave off a vicious cycle where high expectations for inflation among U.S. households drive them to behave in ways that only make inflation worse.That in turn could delay a cut to the Federal Reserve’s main interest rate, which is sitting at the highest level in more than 20 years. The Fed is trying to pull of the difficult feat of slowing the economy enough through high interest rates to stifle high inflation but not so much that it kneecaps the job market.
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