Nvidia's rebound boosts indexes, concerns about market bubble emerging

From Yahoo Finance: 2024-06-25 12:03:07

In a news snippet, Nvidia’s rebound is boosting U.S indexes with the S&P 500 and Nasdaq on the rise, while the Dow lags behind due to Nvidia not being in its constituents. Voracious demand for Nvidia’s chips has been driving stock market performance, raising concerns about a possible bubble in the market. Market watchers are hoping for more participation from various stocks rather than just a handful of AI winners. In other news, financial focus is shifting towards growth away from inflation and interest rates. Treasury yields are stable, impacting the stock market pressure, while expectations are high for the Fed to cut interest rates at the right time.



Read more at Yahoo Finance: A rebound for Nvidia has it back to masking losses for much of Wall Street