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Stock market current situation: Wall Street stays close to all-time highs with strong performance from chipmakers

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Stock market current situation: Wall Street stays close to all-time highs with strong performance from chipmakers

Wall Street remained close to its record highs but ended the day with minimal changes compared to Tuesday. In contrast, China’s stock market experienced a decline due to a disappointing housing stimulus announcement, while Japan’s market was impacted by weak export data. Despite this, Taiwan’s TSMC continued to perform well, along with companies like Nvidia … Read more

Market Wrap: Wall Street Reduces Bets on Fed Rate Cuts due to Strong Economic Data

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Market Wrap: Wall Street Reduces Bets on Fed Rate Cuts due to Strong Economic Data

(Bloomberg) — The largest bond market in the world experienced a decline after a strong retail sales report led traders to reduce their expectations for Federal Reserve interest rate cuts this year. The Treasury yields rose as the positive economic data raised doubts about the speed at which the central bank would ease its policy. … Read more