Sherry Paul, Morgan Stanley private wealth advisors and senior portfolio manager, joins CNBC's 'Closing Bell' to discuss market outlooks.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped roughly 2% after new economic data showed easing inflation, a relief to investors that also led to a decline in Treasury yields. The Dow Jones Industrial Average (DJINDICES: ^DJI) jumped over 600 points.
S&P 500 valuations are priced for perfection, trading at a premium relative to historical averages. Click to read.
Great leaders have become adept at managing risks and adapting to new circumstances across Geopolitics, AI, Inflation And People. Key trends they are tracking in 2025.
Global shares rose on Wednesday, powered by a rise in technology stocks after U.S. President Donald Trump announced mammoth spending plans for artificial intelligence infrastructure, while the dollar sagged to a two-week low as tariffs were delayed.
NVIDIA Corporation NVDA has been around for decades. However, with the advent of artificial intelligence (AI), the company has witnessed explosive business growth. In the past year, NVDA stock has surged 149%, becoming one of the top S&P 500 performers of 2024.
The company's share price was up 11% as of 11 a.m. ET and had been up as much as 14.9% earlier in the daily session. Meanwhile, the S&P 500 index was up 1.6% and the Nasdaq Composite index was up 2.1%.
At the World Economic Forum summit in Davos, Harvard Economics Professor Kenneth Rogoff highlighted AI's significant impact on interest rates, emphasising its influence on productivity, labour markets,
Tomorrow, the BLS will publish its Consumer Price Index (CPI) report -- and the related read on inflation will likely spur big movement for stocks again. CPI reports have recently been even bigger market movers than the PPI reports, and investors will be looking to the report to weigh the macroeconomic backdrop for growth stocks.
Dow Jones Industrial Average rises 120.97 points, or 0.27 per cent, to 44,146.78. Read more at straitstimes.com.
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