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Stocks are mixed after strong start, Nvidia up, Fed expected to keep rates unchanged.

by Market News Data

From Nasdaq: 2024-06-03 11:39:01

Stocks today are mixed, with the S&P 500 down -0.10%, the Dow down -0.59%, and the Nasdaq up +0.36%. Nvidia is up over 3% after announcing new AI chips. Waste Management is buying Stericycle for $5.8 billion, while Becton Dickinson is acquiring Edwards Lifesciences’ critical care unit for $4.2 billion. Chinese manufacturing data is positive, ECB meeting expected to cut rates by 25 bp. Fed likely to keep rates on hold. Q1 earnings beat estimates, overseas markets mixed. T-notes and Eurozone government bond yields are lower. Nvidia leads stock movers, Autodesk up 8%, Salesforce up 2%.gebn.richasn.rari.fin.sli.fin.fin.ads.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.fin.



Read more at Nasdaq: Stocks Lose Momentum After a Strong Start

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