BUSINESS Nvidia A surge in computer chips is losing its charge. Semiconductor maker Nvidia on Monday warned that its fiscal second-quarter sales would fall well short of expectations amid a steep drop in gaming revenue. Read More...
Reuters
Soft landing hopes for U.S. economy brighten outlook on stocks
Optimism is seeping back into the U.S. stock market, as some investors grow more convinced that the economy may avoid a severe downturn even as it copes with high inflation. The benchmark S&P 500 has rebounded about 15% since mid-June, halving its year-to-date loss, and the tech-heavy Nasdaq Composite is up 20% over that time. Many of the so-called meme stocks that had been pummeled in the first half of the year have come screaming back, while the Cboe Volatility Index, known as Wall Street’s fear gauge, stands near a four-month low.
