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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60 Articles

Nvidia leads Wall Street as US stocks drift around their records
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — U.S. stocks are drifting around their record levels in mixed trading on Tuesday. The S&P 500 was 0.1% higher and nearing its all-time high, which was set on Thursday. The Dow Jones Industrial Average was down 167 points, or 0.4%, as of 10:05 a.m. Eastern time, and the Nasdaq composite was 0.6% higher. Tech stocks led the way after Nvidia said the U.S. government has assured it that l…

US stocks drift as Nvidia leads gains for tech

US stocks drift mostly higher as Nvidia leads gains for tech
U.S. stocks are drifting mostly higher following some mixed data on inflation and profits at some of the biggest U.S. banks. The S&P 500 was up 0.4% in early trading Tuesday and sitting a bit above its all-time high set…
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