Nvidia's Earnings Boost US Stocks, Fed Rate Cut Hopes Rise

US stocks surged on Thursday, buoyed by Nvidias strong earnings and hopes for interest rate cuts. The tech giants positive outlook on AI market growth eased concerns, while the September jobs report, showing 119,000 new jobs, increased expectations for a Fed rate cut in December. However, the unemployment rates slight uptick and differing Fed opinions on job market vs. inflation add uncertainty to the central banks decision.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.