Why Nvidia Stock Jumped After the Big Fed Rate Cut
One of those stocks gaining ground Thursday morning was artificial intelligence (AI) chip leader Nvidia (NASDAQ: NVDA). As of 11:40 a.m. ET, Nvidia shares were up by 5.3%. But it wasn't just the Fed rate cut that had investors pouring into Nvidia stock today.
TSX futures jump as Fed's big rate cut aids U.S. soft landing hopes
Futures for Canada's main stock index jumped nearly 2% on Thursday, mirroring gains in U.S. equity futures, after the U.S. Federal Reserve's outsized interest-rate cut raised hopes of a soft landing for the U.
Stocks Race To Record Highs After Fed Opts For Bigger Interest Rate Cut
After sitting flat as traders sat on pins and needles ahead of the 2 p.m. EDT Fed release, stocks soared, with the leading indexes S&P 500 and Dow Jones Industrial Average each setting new all-time highs immediately Wednesday after the news.
Fed rate cut boosts futures as growth stocks lead gains
Rate-sensitive growth stocks like Microsoft, Meta and Alphabet, that have led much of this year's rally, advanced over 1.5% each in premarket trading. Chip stocks also gained, with Nvidia up 2.8%, Advanced Micro Devices rising 3% and Broadcom up 3.
TSX ends lower as Fed rate cut spurs profit taking
Canada's main stock index edged lower on Wednesday as lower oil prices weighed on energy shares and investors took stock of recent market gains, with some taking profit after the U.S. Federal Reserve began its interest rate cutting campaign.
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