Wall Street, NVIDIA
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Stocks edge higher on Wall Street
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Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
6hon MSN
Catalyzing the rally was Goldman Sachs analysts commemorating the Snack Wrap’s comeback by upgrading their rating on McDonald’s stock from neutral to a buy.
Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year.
BlackRock, which manages around $10 trillion worth of assets for investors, spearheaded Wall Street’s campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024 that now hold 1.2 million bitcoin worth around $140 billion.
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1don 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.
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.
U.S. stocks were mixed on Thursday, with the Nasdaq pulling back from its record close as President Donald Trump's tariff moves continue to dominate headlines. The benchmark S&P 500 (SP500) was last +0.