Stock indexes gain as Nvidia boost offsets caution on Middle East, Fed events
On Thursday, MSCI's global equities gauge experienced a rise as Nvidia's optimistic outlook lifted tech shares, while U.S. Treasury yields slightly decreased before Federal Reserve Chair Kevin Warsh's address on Friday. However, concerns over the Strait of Hormuz contributed to an increase in Brent futures. U.S. Treasury yields saw a decline, but the dollar remained relatively stable as traders shifted their focus to Warsh's appearance at the central bank's Jackson Hole Symposium.
The S&P 500 technology sector was the only gainer among the benchmark index's 11 major sectors, with technology stocks also gaining ground after Nvidia reported a 70% revenue growth forecast for the fiscal year ending January 2028.
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