Interest Rate Hopes Fade, Tech Stocks Fall

Monros stock surged after Fed hints at interest rate cut, but a strong jobs report later dampened investor enthusiasm. Nvidias earnings initially boosted the market, but a shift towards defensive stocks and caution about tech sector valuations led to a sell-off. Walmarts earnings report, however, saw a six percent gain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.