US EditionWall St Futures Ease After Nvidia's $4 Trillion Run; Data, Trade Talks ...
NEW YORK, UNITED STATES, JUL 09 – Nvidia's surge to $4 trillion reflects strong AI demand while Federal Reserve minutes signal rate cuts this year despite ongoing tariff concerns, boosting Wall Street indexes.
- On Wednesday, Nvidia's market value momentarily surpassed $4 trillion as Wall Street indices, led by the Nasdaq, closed higher.
- This followed robust labor market data and Federal Reserve minutes from mid-June showing most officials expect rate cuts later this year despite tariff-related inflation concerns.
- Meanwhile, President Trump announced a 50% tariff on copper starting August 1 and threatened tariffs on several countries, including Brazil, increasing trade tensions that had earlier unsettled markets.
- Shares in Nvidia rose 1.8% to about $3.97 trillion in market cap, with the S&P 500 and Nasdaq also posting gains of 0.7% and 1.1%, respectively, as investors remained cautiously optimistic.
- The event signals investor resilience amid tariff jitters, with expectations that trade negotiations and moderate tariff impacts will allow the Fed to maintain supportive monetary policy.
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US Stocks| Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone
The minutes for the mid-June meeting showed that most Fed officials said they expect rate cuts will be appropriate later this year, with price shocks from Trump's import taxes expected to be "temporary or modest."
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