"Nvidia's Resilience Amid Market Skid Defies Fed Rate Cut Expectations"

The stock market rally lost ground following a hot CPI inflation report, with markets now pricing in a slim chance of no rate cuts in 2024. Nvidia stock rebounded, but weakness was evident in small caps and key ETFs. Treasury yields soared, and Fed minutes showed policymakers expecting rate cuts this year. Resilient stocks included Nvidia, Taiwan Semiconductor, Astera Labs, Nutanix, Axon Enterprise, and Microsoft. Economic data and ETF performance were also highlighted, with Dow futures edging lower after hours.