More swings hit Wall Street
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NVIDIA Stock Couldn’t Save Market
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US stocks climbed on Friday to close a turbulent session in the green amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies.
The Dow gained 800 points, or 1.7%, and the broader S&P 500 rose 1.6%. The Nasdaq was about 1.7% higher. The rally came after New York Federal Reserve President John Williams said he supported lowering near-term interest rates, giving traders hope that they could get a December rate cut, after all.
The stock's current price-to-earnings ratio of 23.6 is near its decade-low, which may explain why Buffett, a notorious stickler for a good deal, continues to scoop up shares. As long as Domino's Pizza can sustain the success it has had in years past, it's hard not to like the stock's long-term investment prospects.
The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown.
The better market mood triggered by Nvidia's barnstorming earnings and outlook is reducing concerns about sharp, and possibly negative, stock market moves. The Cboe Volatility index (VIX), is an option-derived measure of expected S&P 500 moves,
Management expects its 2025 revenue to total just $2.5 million. However, once all 2,000 robots are operating in the Uber Eats network in 2026, it believes its annual revenue could increase tenfold to $25 million. Serve's losses are much easier to stomach with that kind of growth in the pipeline, but there is little room for error.
The Nifty bulls would want to end this week, which has been a good one for them, on a high. The index came within 35 points of reclaiming its 2024-peak, but failed to do so and cooled off from those levels.
2don MSN
Wall Street shoots toward its best day since May on Nvidia's profit report and hopes for lower rates
Relief is running through Wall Street on Thursday, and the U.S. stock market is rallying toward one of its best days since the summer after it seemed to pass a couple of crucial tests. The S&P 500 shot up by 1.