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The Nasdaq fell as investors grew cautious ahead of Nvidia's earnings and Fed officials signaled no immediate rate cuts. Nvidia dropped 1.3%, dragging the Philadelphia SE Semiconductor index down 1.2%. The S&P 500 saw information technology stocks lead the decline, impacted by broader market sentiment.
By Pete Schroeder and Howard Schneider
(Bloomberg) -- Federal Reserve Governor Christopher Waller said a continued softening in data over the next three to five months would allow the central bank to consider lowering borrowing costs at the end of 2024. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy‘It Felt Like We Had Crashed,’ a Singapore Air Passenger RecallsTesla Shareholder
Wall Street edged higher and U.S. Treasury yields dipped on Tuesday amid the doldrums ahead of a holiday weekend and a lack of market catalysts to spark conviction one way or the other. ...
WASHINGTON (dpa-AFX) - Gold prices dropped on Tuesday as the dollar stayed firm with traders assessing the likely interest rate moves of the Federal Reserve, while looking ahead to the release