Dow, Trump and Stock Market
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Fed minutes and copper are in focus Wednesday as stocks look to shake of tariff anxiety and rally to fresh record highs.
Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to assess creditworthiness for government-sponsored Fannie Mae or Freddie Mac mortgages.
Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news
Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.
That’s because there’s no consistent pattern to how the stock market reacts to Fed rate cuts. Sometimes the market will rally in the wake of a cut and sometimes not. Its response is no different than the stock market’s long-term average.
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Simply tracking the S&P 500 index, which is a collection of the top stocks on U.S. exchanges, is often the best approach, especially when you are trying to keep your risk low. Over decades, it has averaged an annual return of around 10%.
At 11.57 am, the BSE Sensex was trading at 83,228.88, down 307.20 points or 0.37 per cent. The NSE Nifty stood at 25,376.70, down 99.40 points or 0.39 per cent.
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Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.