NEW YORK, May 20 — The tech-heavy Nasdaq climbed to a record high today, boosted by chipmakers, with highly awaited quarterly results from Nvidia and the Federal Reserve’s...
UiTM V-C defends students wearing black, says it’s to show their identity and not a protest against call to open up varsity to non-Bumi Nasdaq climbed to a record high today, boosted by chipmakers, with highly awaited quarterly results from Nvidia and the Federal Reserve’s policy meeting minutes this week likely to test Wall Street’s record-breaking run.
“This week, the question of whether we’ve gone too far, too fast with this market move will be on the table,” said Sam Stovall, chief investment strategist at CFRA Research. Traders expect a 76.2 per cent chance of an at least 25-basis-point rate cut in September, according to the CME’s FedWatch Tool.
At 9.57am ET, the Dow Jones Industrial Average was down 2.21 points, or 0.01 per cent, at 40,001.38, the S&P 500 was up 17.35 points, or 0.33 per cent, at 5,320.62, and the Nasdaq Composite was up 107.79 points, or 0.65 per cent, at 16,793.76.
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