* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, May 19, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Why Was Kanye West’s South Korea Tour Cancelled? – Yahoo

    Unraveling the Mystery: Why Kanye West’s South Korea Tour Was Canceled

    Entertainment Spotlight: ‘Georgie & Mandy’s First Marriage’ – Atlanta News First

    ‘Final Destination: Bloodlines’ tops box office while The Weeknd’s movie falters – Yakima Herald-Republic

    Final Destination: Bloodlines Dominates the Box Office as The Weeknd’s Film Struggles

    Country Music Legend Bids Heartfelt Farewell: ‘Y’all Gonna Make Me Tear Up!

    We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

    Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

    Nile Entertainment Secures African Rights for Thrilling Action Film ‘Son of the Soil

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    JPMorgan Chase plans to spend $18B in technology in 2025 (JPM:NYSE) – Seeking Alpha

    JPMorgan Chase Unveils Ambitious $18 Billion Tech Investment Plan for 2025!

    Nvidia plans to sell tech to speed AI chip communication – The Indian Express

    Nvidia Unveils Game-Changing Technology to Accelerate AI Chip Communication!

    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    How will BCI technology change the lives of people with disabilities? – news.cgtn.com

    Transforming Lives: The Impact of BCI Technology on People with Disabilities

    Super Speeders are deadly. This technology can slow them down. – Popular Science

    Revolutionary Technology: Taming the Threat of Super Speeders!

    Celebrating Success: Highlights from the Collaborative College for Technology & Leadership Graduation Ceremony

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Why Was Kanye West’s South Korea Tour Cancelled? – Yahoo

    Unraveling the Mystery: Why Kanye West’s South Korea Tour Was Canceled

    Entertainment Spotlight: ‘Georgie & Mandy’s First Marriage’ – Atlanta News First

    ‘Final Destination: Bloodlines’ tops box office while The Weeknd’s movie falters – Yakima Herald-Republic

    Final Destination: Bloodlines Dominates the Box Office as The Weeknd’s Film Struggles

    Country Music Legend Bids Heartfelt Farewell: ‘Y’all Gonna Make Me Tear Up!

    We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

    Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

    Nile Entertainment Secures African Rights for Thrilling Action Film ‘Son of the Soil

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    JPMorgan Chase plans to spend $18B in technology in 2025 (JPM:NYSE) – Seeking Alpha

    JPMorgan Chase Unveils Ambitious $18 Billion Tech Investment Plan for 2025!

    Nvidia plans to sell tech to speed AI chip communication – The Indian Express

    Nvidia Unveils Game-Changing Technology to Accelerate AI Chip Communication!

    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    How will BCI technology change the lives of people with disabilities? – news.cgtn.com

    Transforming Lives: The Impact of BCI Technology on People with Disabilities

    Super Speeders are deadly. This technology can slow them down. – Popular Science

    Revolutionary Technology: Taming the Threat of Super Speeders!

    Celebrating Success: Highlights from the Collaborative College for Technology & Leadership Graduation Ceremony

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Stocks lose steam as Nvidia optimism fades, yields slip

February 23, 2024
in Business
Stocks lose steam as Nvidia optimism fades, yields slip
Share on FacebookShare on Twitter

Stocks lose steam as Nvidia optimism fades, yields slip
© Reuters. FILE PHOTO: A visitor walks past Japan’s Nikkei stock prices quotation board inside a building in Tokyo, Japan February 19, 2024. REUTERS/Issei Kato/File Photo

By Herbert Lash and Huw Jones

NEW YORK/LONDON (Reuters) – A gauge of global equity markets lost steam on Friday but still set a new high amid optimism over Nvidia (NASDAQ:)’s potent results, while Treasury yields fell as the market bet that the Federal Reserve will not cut interest rates until at least June.

Wall Street mostly extended gains as Nvidia briefly shot above $2 trillion in market value for the first time, driven by the AI frenzy that has gripped investors since the chipmaker’s blockbuster quarterly earnings report two days earlier.

Nvidia’s shares jumped 4.9% to a high of $823.94, before paring gains to trade up about 1.7%. Investors worry valuations may be stretched after a rally that has lifted the more than 7% so far this year, but are optimistic about the profits companies may gain from artificial intelligence.

“We don’t see that much more upside from current levels,” said Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management in New York.

“But we have to acknowledge that over the last year we have been consistently positively surprised by the enormous profit growth for some of the AI-leveraged companies,” Marcelli told Reuters.

Data that showed U.S. services sector growth picked up in January as new orders increased and employment rebounded helped equity markets advance, though a measure of input prices rising to an 11-month high added fodder to fears of sticky inflation.

MSCI’s all-country world index, a gauge of stock performance worldwide, rose 0.13% after earlier hitting to a new intraday high.

The combination of strong growth and inflation not yet slowing to the Fed’s 2% target has led Fed officials to push back on rate cut expectations.

The strength of the labor market has unequivocally emboldened the Fed to be more relaxed about keeping rates high for longer,” said Dec Mullarkey, a managing director at SLC Management in Boston.

“So, the Fed is signaling it will be patient and use that runway to let more data roll in and cement the evidence that the economy is well balanced before they adjust rates,” Mullarkey said.

Fed funds futures show a 52.3% chance of a cut in June, with a 34.7% probability of no cut, a sharp reversal from bets on Feb. 1 of a 62% chance of a cut in March, according to CME Group’s (NASDAQ:) FedWatch Tool.

The pan-European index rose 0.43% to post its fifth straight week of gains and a new closing high. The French and German indices also closed at record highs.

On Wall Street, the rose 0.11% and the S&P 500 gained 0.08%, but the dropped 0.16%.

The dollar was poised to record a weekly fall for the first time in 2024 as investors consolidated positions and sought further guidance on global economies.

The rose 0.029%, with the euro down 0.04% to $1.0819.

On the data front in Europe, German business morale fell unexpectedly in Europe’s biggest economy in December, an Ifo institute survey showed.

German bond yields were on track for their third straight weekly increase as the economic data and central bank officials continued to chip away at investors’ hopes for rapid rate cuts by the European Central Bank this year.

Japan’s stock market was closed for a public holiday on Friday, but futures rose nearly 1%, suggesting Japanese stocks will extend their record run next week.

Chinese shares wobbled between gains and losses. The index rose above the psychologically key 3,000-point mark. It is up 4.6% for the week and has bounced about 10% from five-year lows set more than two weeks ago.

Hong Kong’s slipped 0.1%.

Data showed on Friday that China’s new home prices fell for the seventh month in January, leaving sentiment fragile as policymakers’ efforts to restore confidence in the debt-ridden sector struggled for traction.

A Reuters poll showed that the recent rally in global stocks had a little further to go but they were divided on whether there would be a correction in the next three months.

The two-year Treasury yield, which reflects interest rate expectations, fell 2.4 basis points to 4.690%, while the yield on the benchmark 10-year note was down 7.1 basis points at 4.256%.

The 10-year hit a three-month high of 4.3540% overnight.

futures settled down $2.12 to $76.49 a barrel.

Gold prices were set for a weekly gain, buoyed by a softer dollar. U.S. settled 0.9% higher at $2,049.40 an ounce.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/stocks-bask-in-tech-euphoria-nvidia-boom-3312309

Tags: businessSteamstocks
Previous Post

S&P, Dow edge higher, Nvidia market cap exceeds $2 trillion

Next Post

Dollar index on track for first weekly fall this year

Kyrgyzstan, UN discuss ecology and sustainable development co-op – Trend News Agency

Kyrgyzstan, UN discuss ecology and sustainable development co-op – Trend News Agency

May 19, 2025
Why do elephants have big ears? – Live Science

Why do elephants have big ears? – Live Science

May 19, 2025
SK Life Science Launches Its Second National Ad, Continuing to Lead with the Only Direct-to-Consumer Commercial for an Anti-Seizure Drug in the U.S. – WV News

SK Life Science Unveils Groundbreaking Second National Ad for Pioneering Anti-Seizure Drug!

May 19, 2025
Craving A Great Wine On A Budget? Here’s What To Look For On The Label – Yahoo

Unlocking Affordable Elegance: How to Choose the Perfect Budget Wine!

May 19, 2025
MANTRA and WIN Investments Join Forces to Bring Real-World Sports Assets Onchain – GlobeNewswire

Revolutionizing Sports: MANTRA and WIN Investments Team Up to Bring Real-World Assets Onchain!

May 19, 2025
UK economy grows more than expected: How optimistic should you be? – BBC

Surprising Growth in the UK Economy: What It Means for Your Future!

May 19, 2025
Why Was Kanye West’s South Korea Tour Cancelled? – Yahoo

Unraveling the Mystery: Why Kanye West’s South Korea Tour Was Canceled

May 19, 2025
LCHD shares 2025 data from County Health Rankings and Roadmaps – Tomahawk Leader

Discover the Latest Insights: 2025 County Health Rankings and Roadmaps Unveiled!

May 19, 2025
GOP lawmaker explains how he would communicate a disagreement with Trump – CNN

How a GOP Lawmaker Plans to Navigate Disagreements with Trump

May 19, 2025
JPMorgan Chase plans to spend $18B in technology in 2025 (JPM:NYSE) – Seeking Alpha

JPMorgan Chase Unveils Ambitious $18 Billion Tech Investment Plan for 2025!

May 19, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (621)
  • Economy (634)
  • Entertainment (21,548)
  • General (15,223)
  • Health (9,676)
  • Lifestyle (639)
  • News (22,149)
  • People (637)
  • Politics (642)
  • Science (15,858)
  • Sports (21,144)
  • Technology (15,625)
  • World (624)

Recent News

Kyrgyzstan, UN discuss ecology and sustainable development co-op – Trend News Agency

Kyrgyzstan, UN discuss ecology and sustainable development co-op – Trend News Agency

May 19, 2025
Why do elephants have big ears? – Live Science

Why do elephants have big ears? – Live Science

May 19, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version