Stock Market and Financial News

The S&P 500 stabilized after hitting a record high. Nvidia's shares surged, leading to a $2 trillion valuation. The Dow also reached a fresh record. Wall Street had a strong session. Block and Carvana shares soared. Rivian and Warner Bros. Discovery faced challenges. Interest rate cut expectations shifted. Standard Chartered announced a share repurchase program. China's commercial housing sales prices saw declines narrow. The Korean won eased against the U.S. dollar.