US stocks moved higher on Tuesday as investors welcomed a rebound in tech and a pullback in surging oil prices, putting the focus back on interest rates and the state of the US economy. The Nasdaq Composite rose around 1.2% as tech megacaps recouped the previous session's losses. The benchmark S&P 500 stepped up around 0.7%, while the Dow Jones Industrial Average edged up roughly 0.2%.
Meanwhile, Nvidia built on a closing gain, rising another 4% on Tuesday, as the chip heavyweight's partner Hon Hai pointed to "crazy" AI demand. Investors also turned their attention to Fed policy with markets still grappling with busted hopes for jumbo interest rate cuts. New York Fed president John Williams told the Financial Times on Tuesday that Federal Reserve policy is "well positioned" to nail a "soft landing" for the economy.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Tech leads S&P, Nasdaq higher as bank stocks drag on DowInvestors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq jump for 4th straight day as tech leads stocks higherWholesale inflation and jobless data set the stage for a Fed rate cut next week.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq leads stock declines while oil spikes on Iran attackUS stocks sold off on Tuesday after Iran fired over 100 ballistic missiles against Israel.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow ekes out a record while weakness in tech pulls other indexes lowerNEW YORK (AP) — The Dow Jones Industrial Average edged up to another record high while declines in tech stocks pulled other indexes lower. The Dow added 0.3% Friday. The S&P 500 slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »