Stocks edge higher on Wall Street
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Nvidia, Wall Street
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Asian shares are mostly up after a rally in big tech stocks in U.S. trading led the broader market to a higher close, lifting the Nasdaq to an all-time high and helping Wall Street claw back most of its losses from earlier in the week.
Appaloosa's billionaire chief completely exited or pared down his fund's stakes in 10 high-profile AI stocks over 12 months.
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.
The crypto-fueled betting market on whom President Donald Trump will pick to be next Fed chair (as long as he does so by the end of the year) moved toward Kevin Hassett following a new Wall Street Journal article chronicling the race.
If this Wall Street analyst is correct, Nvidia shareholders will see monster returns through the end of the decade.
19hon 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.
Airline industry sees record passenger growth, signaling strong demand and economic resilience. Read here for more analysis.