Reported 28 days ago
After an inflation report showed lower consumer price increases in August, U.S. stocks bounced back on Wednesday. The S&P 500 rose over 1%, while the Nasdaq surged nearly 2.2%, spurred by Nvidia's impressive 8% gain following CEO Jensen Huang's remarks at a Goldman Sachs conference. Investors adjusted expectations for the Federal Reserve's upcoming interest rate decision, leaning towards a smaller cut of 25 basis points rather than the previously anticipated 50 basis points.
Source: YAHOO