Summary
U.S. stock markets are rising, with Nvidia becoming the first company valued at $5 trillion. Investors are awaiting a decision from the Federal Reserve on interest rates, while several major U.S. companies reported higher-than-expected profits.
Key Facts
- The S&P 500, Dow Jones, and Nasdaq indexes all increased, nearing record highs.
- Nvidia's stock rose 2.7%, making it the first company valued at $5 trillion.
- The Federal Reserve is expected to announce a cut in interest rates, which could affect future economic conditions.
- Caterpillar's stocks increased by 12.2% after its profits exceeded expectations.
- Teradyne's stocks surged 19.4% due to strong demand for its AI-related products.
- Fiserv's stock dropped 40.3% following disappointing quarterly profit reports.
- Mondelez International reported strong results but is facing high cocoa costs due to inflation.
- Bond market interest rates are fluctuating with the yield on 10-year Treasury notes rising.
