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Investor's Business Daily on MSNStock Market Today: Dow Jones Surges To All-Time High On Rate Cut Hopes; Nvidia, Palantir Jump (Live Coverage)
The Dow Jones soared to an all-time Friday on increased hopes of a rate cut at the September Federal Reserve meeting.
The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.
Builders FirstSource and other home building stocks jump as Federal Reserve Chairman Jerome Powell signals interest-rate cuts could be coming.
Shares of NVIDIA Corp. and Amazon.com Inc. are trading lower Wednesday morning, dragging the Dow Jones Industrial Average into negative territory.
US Stock Market Today slipped into caution on Thursday as the Dow Jones fell 230 points, the S&P 500 marked its fifth straight loss, and the Nasdaq ended slightly weaker. The days biggest shock came from Walmart earnings,
Dow Jones futures fall by 0.11%, trading around 44,950, along with the S&P 500 futures and Nasdaq 100 futures steady around 6,400 and 23,300, respectively, during European hours on Thursday ahead of the opening of the North American session.