Wall Street slipped as Fed rate-hike expectations jumped, while Nvidia, Salesforce and Marvell highlighted a widening divide across AI stocks. visit facevinews.com
Fed speech impact: Warsh stressed inflation fight; September rate-hike odds jumped to ~55-60% from ~35%. S&P 500 closed ~0.2% lower Friday near 7,712 (week +0.5%, YTD +12.7%). Nasdaq ~0.5% lower near 26,402 (week +0.8%, YTD +13.6%). Dow flat-to-down near 53,560 (week +0.5%, YTD +11.4%).
Tech/AI movers: Nvidia strong earnings earlier lifted tech (data-center sales robust); Salesforce jumped ~22% on results. Some chips like Marvell fell >9-10% despite beats.
Fed speech impact: Warsh stressed inflation fight; September rate-hike odds jumped to ~55-60% from ~35%. S&P 500 closed ~0.2% lower Friday near 7,712 (week +0.5%, YTD +12.7%). Nasdaq ~0.5% lower near 26,402 (week +0.8%, YTD +13.6%). Dow flat-to-down near 53,560 (week +0.5%, YTD +11.4%).
Source: Imported FaceVI HTML ↗Tech/AI movers: Nvidia strong earnings earlier lifted tech (data-center sales robust); Salesforce jumped ~22% on results. Some chips like Marvell fell >9-10% despite beats.
Source: Imported FaceVI HTML ↗