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US Stocks Waver, Nvidia Lifts Chipmaker Boats, GameStop Spikes, Moderna Tumbles: What’s Driving Markets Tuesday?

Wall Street resumed trading after the Memorial Day holiday with a familiar trend, as major chipmaker stocks significantly outperformed the broader market.

ARM

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VIX Spikes, Dow Sinks As Inflation Jitters Slaughter Fed Easing Hopes: Traders Now Price In Only One Rate Cut In 2024

Markets down on tech stock surge, VIX fear index rises. Dow down 1.5%, S&P 500 and Nasdaq 100 down 0.9%. Only chipmakers in green due to Nvidia's earnings report.

DIA

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US Business Activity Resurges In May, Largest Rise In 2 Years, But Return To ‘Fed’s 2% Target Still Seems Elusive’

US economy surges but input costs raise concerns about returning to Fed's inflation target. GDP projected to grow 3.6% in Q2. PMIs show expansions in services & manufacturing.

GLD

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High Interest Rates Here To Stay? Fed Minutes Reveal Disinflation Takes ‘Longer Than Previously Thought’

Fed minutes reveal uncertainty about inflation progress, support for restrictive rates. Market reactions include slight uptick in yields and cautious risk sentiment.

IWM

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Stocks Falter, Metals Fall As Traders Turn Cautious Ahead Of Fed Minutes, Nvidia Earnings; First Solar Hits Record Highs: What’s Driving Markets Wednesday?

Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp.

ADI