Stocks edge higher on Wall Street
Digest more
16hon MSN
Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
A lot has been said about the emerging technology's world-changing potential: Its ability to create stunningly realistic images and videos, ace the LSAT and the MCAT, and complete rote research tasks. You could argue it's ready to augment — or even replace — entry-level jobs.
Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.
Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.
Nvidia reached another milestone in its rise to becoming one of the world's most important companies: the first publicly traded company to reach a market value of $4 trillion.
The chip giant on Wednesday morning became the first company to see its market capitalization touch $4 trillion intraday, rising above that level when its shares reached $163.93 in early trading.
Circle Internet Group ( CRCL -14.49%) has been one of the hottest stocks on Wall Street in recent weeks. The company held its initial public offering (IPO) on June 5, listing 34 million shares on the New York Stock Exchange. Circle priced its IPO at $31 per share, but the stock opened at $69 and has since soared 290% to $270.
Despite claims to the contrary, Wall Street isn’t worried about a market crash. That’s why we should be worried. Mark Hulbert is a regular contributor to MarketWatch.
Market movements were relatively muted, signaling investors think Trump’s new tariffs are more negotiating tactics than firm policy. It’s a noticeable change from early April, when Trump’s “Liberation Day” tariffs sent stocks plummeting.