US stocks rebound with Nvidia rally, offsetting concerns over smaller Fed rate cut

From Investing.com: 2024-09-11 14:59:50

US stocks rebound as Nvidia-led rally offsets concerns over smaller Fed rate cut after inflation ticked higher. By 2:58 pm ET, the S&P 500 gained 0.5%, the Nasdaq gained 1.4%, and the Dow fell 0.02%. Nvidia surged over 6% on potential chip export lift to Saudi Arabia, boosting tech sector. Inflation reading showed core prices increased slightly, leading to decreased odds of 50 basis point Fed cut. Trump-Harris debate focused on immigration and tariffs, with Harris favored post-debate. Bank of America fell 1% after Buffett shares sale, GameStop slumped 15% on revenue decline.



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