US stocks steadied on Tuesday as cautious investors eyed Nvidia stock.NVDA) Big plans for AI and are confused about the prospects for tariffs, with new jobs data on deck.
Standard & Poor’s 500 Index (^ GSBC) rose 0.3%, holding near tech Gains from the previous session. Dow Jones Industrial Average (^ DJI) also rose by 0.3%, while shares of the Nasdaq Composite Index, which is dominated by technology companies (^ IX) added about 0.2%.
Hype around Nvidia CEO Jensen Huang’s keynote at CES It provides a bright spot for markets accustomed to tentative action amid uncertainty about the policy of the incoming Trump administration.
Nvidia shares rose nearly 2% in early trading, hitting a record closing high, following Huang Revealed the new super artificial intelligence chip Among other planned products. Chip stocks continued to rise in the aftermath, with Micron technology (in) up about 4% and Asian names make gains.
Meanwhile, the watch is turned around for more clarity Donald Trump’s tariff agenda. The president-elect on Monday denied A Washington Post report That his team Consider more targeted measures – Which would be more promising for global growth. dollar (DX-Y.NYB) Continue to be under pressureafter falling to its lowest levels in one week.
An update on job openings in JOLTS in November later today will fuel debate on the path for interest rates, as well as setting the stage for… The all-important December jobs report is out on Friday. In recent days, Fed officials have done just that They indicated that they would follow a more gradual approach To reductions, given the flexibility in the labor market and ongoing inflation.
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