The debate between Joe Biden and Donald Trump comes just ahead of the release of a key inflation measure for the world’s largest economy.
The Australian sharemarket staged a major turnaround in the latter half of the trading session to finish on a high,after Wall Street equities backed away from recent records.
The Australian sharemarket dipped in late trade to close slightly lower as investors wound back their bets on interest rate cuts after the central bank’s decision on Tuesday to keep the cash rate on hold.
The chipmaker is the world’s third-largest company,larger than Tesla and Amazon combined. Should you buy into the hype?
The chipmaker’s market capitalisation has grown by more than four times the market value of BHP – in just six weeks.
Once a niche tech firm for video game players,AI chipmaker Nvidia is now the world’s second-most valuable company with a market cap of more than $US3 trillion.
The Australian sharemarket slid on Tuesday,reflecting a mixed trading session on Wall Street after a US manufacturing report suggested its economy is slowing.
The key question for investors is whether this is just a correction in what has been quite an ebullient market – or something more threatening.
Apple,Nvidia and other tech giants have driven Wall Street to record levels. That could turn into a problem.
First it was the “Magnificent Seven” and now,it seems,Nvidia might be “The One”. Following last week’s extraordinary result,the future of the sharemarket may depend on it.
The Australian sharemarket trimmed some of its early morning gains but finished in the green after a surge in Nvidia’s shares triggered a rally on Wall Street and the local index.