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.
Key Points
- S&P 500 and Dow Jones Industrial Average reached record highs
- Nvidia's shares surged, leading to a $2 trillion valuation
- Block and Carvana shares soared
- Interest rate cut expectations shifted
- China's commercial housing sales prices saw declines narrow
- Korean won eased against the U.S. dollar
Pros
- S&P 500 stabilized after hitting a record high
- Nvidia's shares surged, leading to a $2 trillion valuation
- Wall Street had a strong session with multiple stock gains
- Block and Carvana shares soared
Cons
- Rivian faced a double-downgrade and challenges
- Warner Bros. Discovery reported disappointing results
- Expectations for interest rate cuts shifted
- China's commercial housing sales prices saw declines narrow
- Korean won eased against the U.S. dollar