Reported 5 months ago
US stocks are looking to rebound after a two-day decline sparked by inflation worries, with the Dow experiencing its worst sell-off in over a year. Investors are awaiting next week's release of PCE data to assess inflation trends. Despite a strong rally in Nvidia stock, concerns about rising prices and Fed interest rate cuts linger, pushing back expectations for a rate cut to November. The S&P 500 and Nasdaq are up on Friday, while specific market news includes predictions for Nvidia stock, a sports bettor's significant gain, and potential surges in Ether if ETFs are approved by the SEC. Commodity movements include increases in crude oil and gold prices, a rise in the 10-year Treasury yield, and a slight drop in Bitcoin value.
Source: YAHOO