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Nvidia Earnings & Fed Rate Hikes | US News
Markets stayed calm yesterday, with the S&P 500 hovering near record highs while the Dow and Nasdaq dipped slightly—despite inflation data beating expectations and pushing Treasury yields higher. Traders are still betting the Fed will raise rates at least once this year. Nvidia’s earnings report looms today, with sky-high expectations for the AI giant amid growing concerns that chip demand could cool if AI doesn’t deliver promised profits. Meanwhile, Abercrombie & Fitch soared over 30% after crushing earnings estimates and boosting its outlook, while J.M. Smucker gained 4% on strong results…
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