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Is NVIDIA leading the way in the stock market plummet? Everyone is scared on this Friday?
On Friday, the three witching days of the US stock market will have about $5.5 trillion options expiring, the largest scale in history. The expiration value of Nvidia's related options is the second largest among all assets, second only to the S&P 500. And this options expiration coincides with the rebalancing of the Dow Jones Industrial Average and related ETFs will also make position adjustments.
Heat Is Scorching the U.S. It's Time to Talk About the Economic Impact
This heat wave is no joke.
Fed's Barkin Says Inflation to Linger as Rate Hikes Take Full Effect
Federal Reserve Bank of Richmond President Thomas Barkin sees lingering inflationary pressures in the U.S. economy, but said Thursday that today's level of interest rates is sufficient to slow price growth. It will take time, however, with the full impact of higher interest rates yet to hit the real economy.
The Fed Can't Stimulate the Economy, Says Arnott
Rob Arnott, Research Affiliates founder and chairman, says the Federal Reserve doesn't have the power to stimulate the US economy, but it can stimulate bubbles.
S&P 500, Nasdaq Retreat From Records as Nvidia Pulls Back | Wall Street Today
The S&P 500 and the Nasdaq retreated from record highs as Nvidia shares pulled back, accelerating declines for the semiconductor industry.
Mortgage Rates Drop to a Two-Month Low
Mortgage rates fell to their lowest level since mid-April, pressured down by market expectations for the Federal Reserve to cut interest rates in response to a slowing U.S. economy.