From Yahoo Finance: 2024-06-26 00:22:00

Nvidia stock rebounded after a recent plunge, lifting both the S&P 500 and Nasdaq. The company suffered a $430 billion loss following its rise to the top in market capitalization. The Federal Reserve hinted at potential rate hikes if inflation remains unchecked. Other tech giants like Amazon, Meta, and Google also saw gains. Consumer confidence reports showed slight caution but improvements in various components. Investors await Friday’s personal consumption expenditures release to gauge inflation and monetary policy. The Fed leans towards a hawkish stance after Governor Michelle Bowman’s statement on potential rate increases.



Read more at Yahoo Finance: US indexes rebound as Nvidia’s revival sets off a tech rally