The following are the key news items that investors should be aware of before beginning their trading day:
1. Down, but only momentarily
Following the release of the minutes from the Federal Reserve’s most recent meeting, investors became concerned about ongoing inflation, which led to a decline in stocks on Wednesday (more on that later). It was the Dow Jones Industrial Average’s weakest session of the month, down 201.95 points, or 0.51%.
2. Nvidia is the main player here.
Nvidia continues to have success. In extended trading, the chipmaker’s shares surged and crossed $1,000 for the first time following the release of fiscal first-quarter results that exceeded analyst projections.
3. The rate of inflation is rising.
Concerns regarding their performance on inflation, or lack thereof, are mounting among Federal Reserve officials. Members expressed a lack of confidence in lowering interest rates in the Fed’s April 30-May 1 minutes, which were made public on Wednesday.
4. Alexa feels happier Alexa is getting an upgrade from Amazon. In an effort to make the ten-year-old voice assistant more conversational.
5. It’s electrical
The legendary Chevrolet Equinox, which has been a part of the company’s inventory for 20 years, now comes in an all-electric form thanks to General Motors. The crossover EV is now available for purchase, with more expensive variants beginning at about $43,000 to $51,100.
Source (CNBC)
