Stock market today: S&P, Nasdaq fall as Nvidia slides for 2nd straight day
Which other chip stocks experienced declines alongside Nvidia?
Other chip stocks that experienced declines alongside Nvidia include Broadcom (AVGO), Super Micro Computer (SMCI), and Qualcomm (QCOM). These companies saw their stock prices slump as investors assessed the broader health of the US economy and the path for interest rates.
How much did home prices increase in the Northeast last year?
Home prices in the Northeast increased by 9.2% in May compared to a year ago, reaching a median price of $479,200, according to the National Association of Realtors4.
What did former St. Louis Fed president James Bullard say about interest rates?
Former St. Louis Fed President James Bullard suggested that the Federal Reserve should cut interest rates at its next meeting as a preemptive measure to prevent a policy stance that's too hawkish1. He sees a slow pace of US monetary policy easing, but the latest inflation report brings hope for a September interest rate cut.