Home minister cites 3.5 million foreigners as reason to stop automatic citizenship for permanent residents’ kids, insists won’t make them stateless
The blue-chip Dow now sits less than 1 per cent away from breaking the 40,000 level for the first time.Gains on the tech-heavy Nasdaq were held in check, however, by 2.5 per cent decline in AI giant Nvidia, which lost ground for a second straight session. Shares were still up more than 80 per cent on the year, however.
“The Fed can and should take its time, largely because the economy is affording them that flexibility with the strength that we're seeing, and that premature rate cuts only probably set us up for a more adverse outcome,” said Craig Fehr, head of investment strategy at Edward Jones in St. Louis. The Dow Jones Industrial Average rose 477.75 points, or 1.22 per cent , to 39,760.08, the S&P 500 gained 44.91 points, or 0.86 per cent, to 5,248.49 and the Nasdaq Composite gained 83.82 points, or 0.51 per cent, to 16,399.52.All three major US stock indexes were poised for quarterly gains, with the S&P on track for its biggest first quarter percentage gain since 2019.
Among individual stocks, Trump Media & Technology Group jumped 14.19 per cent a day after its stellar Nasdaq debut.