AI chipmakers Nvidia and Advanced Micro Devices led the tech stock rally Thursday, following the Federal Reserve’s sizable 50 basis point interest rate cut.
After closing Wednesday lower, US stocks have woken up to the reality of the Federal Reserve's 50-basis-point cut and are off to the races. The Dow Jones Industrial (^DJI) is rising by over 1%, while the S&P 500 (^GSPC) sees gains of 1.5% and the Nasdaq Composite (^IXIC) blasts off by 2.3%. Seana Smith and Brad Smith highlight Thursday morning's market momentum, namely in the tech-heavy Nasdaq and semiconductor sectors, the bond market (^TYX, ^TNX, ^FVX), and bitcoin's (BTC-USD) price action. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
We recently compiled a list of the 12 Best Forever Stocks To Buy Now. In this article, we are going to take a look at where NVIDIA Corp (NASDAQ:NVDA) stands against the other forever stocks to buy now. Investment opportunities are increasingly cropping up as volatility in the equity markets edge higher in response to changes […]