Reported 3 months ago
US stocks surged on Wednesday, driven by strong performances in tech, particularly Nvidia, which soared over 12% after positive earnings from AMD. The Federal Reserve's decision to maintain interest rates while hinting at a potential cut in September bolstered investor confidence. The S&P 500 climbed nearly 1.6% and the Nasdaq Composite jumped more than 2.6%, as Powell indicated that the economy is nearing a point appropriate for reducing policy rates.
Source: YAHOO