US Edition
Asian Shares Are Mixed After Nvidia Nudges Nasdaq to a Record, While Other US Stocks Slump
UNITED STATES, JUL 15 – Inflation concerns and Federal Reserve uncertainty weigh on stock markets globally while Nvidia rises 4.4% after US government confirms AI chip licensing.
- Tuesday's U.S. stock slump sets ASX up for a weaker open, as inflation update hurt Wall Street and Nvidia shares jumped.
- Prices gained 2.7% in June year-over-year, with the inflation rate rising to 2.7% last month from 2.4% in May.
- Nvidia led the rally with a 4.4% gain, and the U.S. government assured it will grant licenses for its H20 chip soon.
- Global markets showed mixed results as Europe slipped after Asia’s mixed session, with the S&P 500 falling 0.4% yet remaining near its all-time high set last week.
- Market bets remain on a Fed interest rate reduction by December, with Fed Chair Jerome Powell waiting for more data about tariffs' effects.
75 Articles
75 Articles
Asian shares mixed after Nvidia nudges Nasdaq to a record, while other U.S. stocks slump
Shares in Asia traded mixed on Wednesday after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. Tokyo's Nikkei 225 edged less than 0.1% lower, to 39,663.40. Investors are focusing on the potential impact of an election for…
Winnipeg Free Press
Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump
Breaking News, Sports, Manitoba, Canada
Stocks Slump After Latest Inflation Update
Most US stocks slumped on Tuesday after the latest update on inflation hurt Wall Street's hopes for lower interest rates. The S&P 500 fell 24.80 points, or 0.4%, to 6,243.76. Some 90% of stocks within the index dropped. The Dow Jones Industrial Average fell 436.36...
The New York Stock Exchange ended in dispersed order on Tuesday, undermined by the latest developments on the commercial front and by the figures of US inflation, NASDAQ profiting for its part from the rise of Nvidia.
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