A broad cross-section of stocks roared higher on Tuesday, as market watchers focused on the Federal Reserve Bank's ongoing battle to cool red-hot inflation. The latest U.S. government data showed that inflation cooled somewhat last month, which could convince the Fed to alter the pace and tenor of its campaign of interest rate hikes, which are designed to battle inflation. With that as a backdrop, shares of Nvidia (NASDAQ: NVDA) climbed 1.5%, Shopify (NYSE: SHOP) rose 1.2%, and The Trade Desk (NASDAQ: TTD) jumped 3.8%, as of 12:49 p.m. ET. Read More...
A broad cross-section of stocks roared higher on Tuesday, as market watchers focused on the Federal Reserve Bank’s ongoing battle to cool red-hot inflation. The latest U.S. government data showed that inflation cooled somewhat last month, which could convince the Fed to alter the pace and tenor of its campaign of interest rate hikes, which are designed to battle inflation. With that as a backdrop, shares of Nvidia (NASDAQ: NVDA) climbed 1.5%, Shopify (NYSE: SHOP) rose 1.2%, and The Trade Desk (NASDAQ: TTD) jumped 3.8%, as of 12:49 p.m. ET.
