Wall Street, NVIDIA
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Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
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Enthusiasm for McDonald’s resurrection of the fan favorite Snack Wrap made it all the way to Wall Street, as shares of McDonald’s rose after one prominent firm upgraded its rating for the fast food giant.
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Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year.
If this Wall Street analyst is correct, Nvidia shareholders will see monster returns through the end of the decade.
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Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
Shares of Royal Caribbean Group were hovering just below record levels on Wednesday, after the new most bullish analyst on Wall Street said they still have a lot further to rally.
Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
U.S. stocks were mixed on Thursday, with the Nasdaq pulling back from its record close as President Donald Trump's tariff moves continue to dominate headlines. The benchmark S&P 500 (SP500) was last +0.