Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
US stock futures fell on Wednesday after Nvidia (NVDA) revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump’s trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.01%. Futures attached to the benchmark S&P 500 (ES=F) fell 0.5%. Futures attached to the tech-heavy Nasdaq
US stock futures fell after Nvidia (NVDA) revealed costly new curbs on chip exports to China, and investors grappled with uncertainty over President Trump’s trade policy. Futures attached to the Dow Jones Industrial Average (YM=F) slumped 0.8%. Futures attached to the benchmark S&P 500 (ES=F) sank 1.4%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F)
Nvidia Corporation (NVDA) Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products with the reduction leading to a $5.5 billion hit to the
Micro Center, a popular US retailer for PC hardware, apparently received a decent shipment of new high-end NVIDIA GPUs. While store restocking is typically not newsworthy, the elusive GeForce RTX 5090 GPU certainly deserves a mention. Since its release in January, it has been consistently difficult to acquire for gamers, and its pricing has also
As markets attempt to recover from recent sell-off action that’s left the S&P 500 (^GSPC) and Nasdaq (^IXIC) in correction territory, one major catalyst this week could make or break a comeback: Wednesday’s Federal Reserve policy decision. The central bank is expected to hold interest rates steady in the face of tariff uncertainties and recent
The latest Consumer Price Index (CPI) showed that housing cost pressures eased in February to the slowest pace in over three years. Shelter costs rose 4.2% from a year earlier in February, slower than the 4.4% increase seen in January, and the smallest 12-month increase since December 2021. On a monthly basis, housing costs ticked
Palantir (NASDAQ: PLTR) stock saw another series of big valuation pullbacks this week. The software specialist’s share price closed out the period down 15.9% from the previous week’s market close, according to data from S&P Global Market Intelligence. Palantir’s valuation sank early in the week’s trading as investors continued to digest potential macroeconomic risk factors
Tech stocks led the major averages lower on Thursday as Nvidia (NVDA) shares sold off following the AI chipmaker’s earnings report and investors took stock of the economy amid President Trump’s latest tariff pledges. The S&P 500 (^GSPC) fell more than 1%, while the tech-heavy Nasdaq Composite (^IXIC) saw losses accelerate to more than 2%.