Reported 5 months ago
Stocks edged lower due to inflation risks despite Nvidia's impressive first quarter earnings, where Nvidia's stock soared more than 10%. The Dow Jones fell 1.53%, S&P 500 dropped 0.74%, and Nasdaq slipped 0.39% from record highs earlier. Nvidia's record sales and revenue were overshadowed by concerns about inflation progress following the Fed's May policy meeting. Meanwhile, Freddie Mac reported a decrease in mortgage rates, S&P Global highlighted strong U.S. economic activity, and Live Nation faced antitrust scrutiny. Additionally, DuPont announced a split into three companies, and jobless claims fell while Nvidia's positive performance lifted the market towards new highs.
Source: YAHOO