Stock market today: US futures take time out after breakout rally

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Stocks are consolidating after Nvidia results sparked a global rally that has the chipmaker eyeing a $2 trillion valuation.

US stock futures took a breather on Friday, as investors weighed what could follow the record-breaking rally stoked by AI chipmaker Nvidia's blowout earnings. Futures on the S&P 500 and the Dow Jones Industrial Average danced around the flatline, having closed at all-time highs on Thursday. Contracts on the Nasdaq 100 were also muted after the tech-heavy index added 3% to score its own record.

The meteoric rise in the chipmaker's shares continued in Friday's premarket, up about 2% and on track to top a $2 trillion valuation. As the AI frenzy begins to abate, the chances of a US interest-rate cut are coming back into view for the market. A parade of Federal Reserve officials underlined that cuts are coming, but not soon — though they differed on just when the shift might start.

 

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

United States United States Latest News, United States United States Headlines

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

Stock market today: S&P, Dow hit record highs as Nvidia ignites global rallyStocks powered higher as investors celebrated Nvidia's blowout results, which beat sky-high expectations and revived the AI frenzy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US Stocks Slip as Investors Await Nvidia Earnings, Fed MinutesUS stocks slipped on Wednesday as investors counted down to high-stakes earnings from AI darling Nvidia (NVDA) and the release of Federal Reserve minutes which reiterated the central bank's focus on not cutting interest rates too soon.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks close lower as early rate cut hopes fadeHopes now rest on a jam-packed week of corporate earnings to keep the rally alive.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China to Rally on Reopen; Other Stocks Seen Mixed: Markets WrapAsian shares traded flat as earlier optimism that was triggered by positive Chinese holiday data dissipated.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market today: Nasdaq leads declines as earnings take center stageInvestors are looking to Walmart earnings to provide insight into consumer resilience, while Nvidia's results loom large.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »