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Why Dow’s Record High and Nvidia’s Sell-Off Mark a Turning Point — Market Wrap May 24
Today's AI insights from 7horns.ai reveal a steady climb in U.S. equities with the Dow Jones hitting a record close at 50,579, up 0.58%, and the S&P 500 gaining 0.37%. Despite Nvidia's impressive $81.62 billion quarterly revenue and an $80 billion buyback authorization, the chipmaker saw a nearly 2% decline due to profit-taking. Tesla led megacaps higher with a 2% jump, while Apple rose 1.26%. Small caps outperformed, with the Russell 2000 surging nearly 1%, helped by moderating Treasury yields. Geopolitical easing between the U.S. and Iran pressured gold and oil prices down by 0.76% and…
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