Stock market today: US futures rise as rate-cut hopes shift, with Nvidia on horizon

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Nvidia News

Dow Jones Industrial Average Futures,Federal Reserve,Interest-Rate Cuts

Stocks are eyeing fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.

US stocks geared up on Monday to resume a rally spurred by the Federal Reserve's message that interest-rate cuts are imminent, ahead of aby the end of 2024. But with only three Fed meetings left in the year — in September, November and December — and the August jobs report still to come, Wall Street is wondering when and whether a 0.5% cut is likely.— the marquee event of the week — which will likely determine whether the market mood stays upbeat.

KYIV, Ukraine — Russian forces unleashed a massive drone and missile barrage on Ukraine early Monday, targeting multiple regions across the country, the Ukrainian air force said.Third Point Management, a New York-based investment advisor, released its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Third Point Offshore Fund returned 1.8% net in the second quarter compared to a 4.3% return for the S&P 500 INDEX and a 2.

The Libyan eastern-based government said on Monday that all oilfields are closing down, halting production and exports, but the country's Tripoli-based National Oil Corp, which controls oil resources, has not provided confirmation. Libyan factions are locked in a power struggle over control of the central bank and oil revenues. The government in Benghazi is not internationally recognised, but most oilfields are under the control of eastern Libyan military leader Khalifa Haftar.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Stocks rally after Fed decision, Nvidia surgesA tech revival is helping lift stocks, as investors digest the Federal Reserve's decision to hold interest rates steady.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed decision as Nvidia surgesA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock surges as chip stocks lead market reboundNvidia shares rallied Thursday with the broader markets after an attempted rebound
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »