Reported 28 days ago
On Wednesday, US stocks rebounded from early losses, with the S&P 500 rising over 1% and the Nasdaq climbing nearly 2.2%, driven by Nvidia's significant gains. The August Consumer Price Index showed a decrease in overall inflation, hinting at a potential 25 basis point interest rate cut from the Federal Reserve, contrary to previous expectations of a larger cut. Investors also evaluated the recent presidential debate, while GameStop's stocks plummeted following disappointing earnings.
Source: YAHOO