Stocks gain for a second day on easing inflation hopes, Nvidia leads Nasdaq higher: Live updates

Federal Reserve Chair Jerome Powell said inflation is nearing the point where officials would feel comfortable about cutting interest rates. 'We're waiting to become more confident that inflation is moving sustainably at 2%.

When we do get that confidence, and we're not far from it, it will be appropriate to begin to dial back the level of restriction,' Powell said Thursday during testimony before the Senate Banking Committee. He noted that cuts would be necessary 'so that we don't, you know, drive the economy into recession rather than normalizing policy as the economy gets back to normal.

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Stocks are little changed Tuesday as traders assess fresh earnings and new data: Live updatesStocks were flat Tuesday as the market rally took another breather, with investors looking ahead to key data slated for release later this week.
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Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
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