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US stocks drift as Nvidia leads gains for tech

UNITED STATES, JUL 15 – Nvidia shares rose 4.8% after U.S. government allowed AI chip shipments to China, helping lift the S&P 500 and Nasdaq near record highs despite inflation rising to 2.7%, officials said.

  • On Tuesday, U.S. stocks drifted near record highs as tech stocks led by Nvidia rose, while the Dow Jones fell 167 points by 10:05 a.m. Eastern time.
  • This trading followed mixed earnings reports from major U.S. banks and data showing the economy expanded at a 5.2% annual pace amid rising inflation and tariff concerns.
  • Nvidia won U.S. government approval to sell its advanced H20 AI chips to China, marking a key reversal that boosted its shares by over 3%, despite earlier warnings of restrictions.
  • Inflation rose 2.7% in June from a year earlier, driven by tariffs on goods like furniture and clothing, while the 10-year Treasury yield climbed to 4.45%, reflecting market reactions.
  • The potential enactment of Trump’s proposed tariffs on August 1 could increase recession risks and pressure U.S. debt, while Washington’s approved tax cuts are expected to add to the deficit.
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CTV NewsCTV News
+2 Reposted by 2 other sources
Center

U.S. stocks drift as Nvidia leads gains for tech

U.S. stocks are drifting following some mixed data on inflation and profits at some of the biggest U.S. banks.

·Canada
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KSN News WichitaKSN News Wichita
+17 Reposted by 17 other sources
Center

US stocks drift as Nvidia leads gains for tech

·Wichita, United States
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kalkinemedia.com broke the news in on Tuesday, July 15, 2025.
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