Reported 10 months ago
Asian stocks traded mostly lower after U.S. markets were closed for Juneteenth. European markets opened higher after a mixed day of trading in Asia. Nvidia's dip weighed on Wall Street, with the S&P 500 down 0.3% from its all-time high, the Nasdaq slipping 0.8%, and the Dow Jones up 0.8%. Despite concerns of a potential bubble and weakness in the U.S. economy, AI stocks like Nvidia have seen significant gains. Conversely, companies like Winnebago Industries have experienced challenges. The S&P 500 fell, while Accenture rose after reporting weaker profit but significant new bookings in generative AI. Traders are hopeful for a U.S. economic slowdown to ease inflationary pressures and potentially lead to a Federal Reserve interest rate cut later in the year.
Source: YAHOO