Markets today: 'Magnificent Seven' drive gains with Nvidia up 5%

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A rally in the world’s largest technology companies lifted stocks, with traders taking in stride weak economic reports.

Exxon Plans New Guyana Oil Project to Boost Output Into 2030sNY’s Westchester Towns Agree to Build $138 Million Filtration PlantIndia Moving Steadily Toward 8% Annual Growth, RBI Governor SaysKKR’s EMEA Chairman Johannes Huth Retires After 25 Years at FirmSteve Eisman Says the Nvidia Story Is Going to Last for YearsSantander Sells Commercial Property Assets in Tourism ReboundKenya Lawmakers Agree to Drop Planned 2.

24 trillion Canadian fundsChina’s Fiscal Income Drops at Quickest Pace in More Than a YearNY’s MTA to Detail How Toll Pause Is Squeezing Operating BudgetZelenskiy Replaces Head of Ukraine’sTroops in East Amid Russia’s AdvancesManulife boosts key profit target at investor day in Hong KongTesla Recalls Cybertrucks Twice in One Day to Fix Windshield Wipers, Detaching TrimKKR’s EMEA Chairman Johannes Huth Retires After 25 Years at FirmTreasury Liquidity Is Better Than Traders Feared, JPMorgan...

 

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Markets today: ‘Magnificent 7’ hit stocks in final stretch of MayA rout in the world’s largest technology companies dragged down stocks, with the market trimming a monthly rally that was fueled by hopes that an inflation cooldown would lead to Federal Reserve rate cuts.
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Markets today: U.S. futures signal gains after Nvidia-led slumpStock futures pointed to cautious gains at the Wall Street open as shares of technology bellwether Nvidia Corp. advanced in premarket trading.
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Markets today: Tech megacaps lift stocks after Nvidia’s selloffA rally in the world’s largest technology companies lifted stocks, with traders also wading through economic data and remarks from Federal Reserve speakers for clues on the outlook for rates.
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Markets today: tech hits U.S. stocks as Nvidia extends selloff to 13%Stocks lost traction as an about US$400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather.
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