HomeMarketsU.S. EconomyStock Market Today: Possible Fed Rate Cuts as Result of Jobs Report & NVDA Downgrade

Stock Market Today: Possible Fed Rate Cuts as Result of Jobs Report & NVDA Downgrade

Today’s all-time highs in the S&P 500 and Nasdaq come on bets that the latest jobs report will push the Fed to cut rates sooner rather than later. A rare downgrade for Nvidia (NVDA) dinged the stock today. The Fed is in focus once again next week when Fed Chair Jerome Powell heads to Capitol Hill.

05 Jul 2024

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