The Dow Jones Industrial Average shed more than 600 points after the Fed’s unanimous rate hike to 3.75%–4%, with the 10-year Treasury yield crossing 5% and Chair Warsh signalling further increases ahead.
Tag: Wall Street
Posted inMarkets
Wall Street Snaps Its September Slump as Waller Signals Willingness to Hold Rates
The Dow Jones rose 635 points on Thursday and the S&P 500 added 1 percent as Fed Governor Christopher Waller said he would support holding rates steady if inflation progress continues, halving hike odds.
Posted inMarkets
Nvidia Mobilizes $500 Billion in AI Infrastructure Financing With Six Wall Street Firms
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms targeting over $500 billion in third-party capital.