Reported 10 months ago
US stocks slipped from record highs as investors absorbed the Federal Reserve's May meeting minutes indicating willingness for rate hikes, resulting in the S&P 500, Nasdaq Composite, and Dow Jones falling around 0.3%, 0.2%, and 0.5% respectively. Nvidia outperformed expectations with a 10-for-one stock split and dividend raise, causing its shares to rise over 2% after hours. Amid these updates, Goldman Sachs shared a bleak forecast of the US debt-to-GDP ratio escalating to 130% by 2034, significantly higher than historical levels, reflecting a more challenging fiscal outlook.
Source: YAHOO