Bredt Wall Street-fall
Høyere renter og oljepris tynger Wall Street. Nvidia-aksjen går mot strømmen etter økte tilbakekjøp.
USA's major stock indices opened lower on Monday, continuing a downward trend that began the day before. Shipping festivals saw frequent declines, as investors followed the rising American interest rate trend. The 10-year U.S. Treasury yield, often called the "world's most important interest rate," rose above 5.2% on Monday, the highest level since 2007.
Oil prices also remained above $100 per barrel, attributed to ongoing unrest in the Middle East. Throughout the week, additional key U.S. numbers will be released, including the Personal Consumption Expenditures (PCE) inflation index on Wednesday, which could provide market signals on whether the Federal Reserve should continue interest rate hikes, according to TradingBank strategy analyst Nils Kristian Knudsen.
The report is expected to show core PCE levels at 3.3% in August, similar to July's 3.7%. The non-farm payrolls report for U.S. jobs is due on Friday, often referred to as the month's most important number. Nvidia's board has approved a $150 billion share repurchase program, equivalent to more than 1,400 billion kroner at today's exchange rate.
This brings total remaining repurchases to 235 billion dollars. Nvidia is profiting significantly from the AI boom. The technology company generates revenue from chips used to develop and deploy AI technology. Nvidia's CEO, Jensen Huang, in his announcement, stated that the company's capital is being invested in technology that will advance this transformation and return value to shareholders.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
