US Equities at All Time Highs as Rate Cut Odds Getting Pared Back
From Nasdaq:
Nasdaq’s IR team provides a daily roundup of the markets and economy, highlighting the impact of Nvidia’s stock surge, adding a record $277 billion in market value. The rate cut odds for June are reduced, while AI trends are on the rise, with Goldman Sachs reporting positive momentum in the AI space. The focus for the next week includes key economic indicators and corporate earnings from Berkshire Hathaway and Salesforce.
In ESG news, the US SEC drops emissions disclosure requirements for US-listed companies, diverging from the EU’s rules. Automakers are shifting to 800-volt EV platforms for faster charging times, with major automakers planning new electric vehicle releases. In macro news, top Fed officials advocate for a patient stance on rate cuts, while China’s Central Bank surprises markets with easing measures. International markets show signs of growth, with concerns over property foreclosures in various countries. Oil headlines include rising US crude stockpiles and efforts to boost ethanol production.
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