Nvidia Slump Stalls Stock Market Rally
TL;DR
US stocks were mostly flat on Friday as the tech-led rally, driven by Nvidia, showed signs of fatigue. The S&P 500 remained unchanged, the Nasdaq Composite gained 0.2%, and the Dow Jones Industrial Average slipped slightly. Nvidia's stock fell over 1%, impacting other chip stocks. Investors are also evaluating the broader US economy and potential interest rate cuts. Bank of America economists forecast a strong economic outlook with potential rate cuts starting in December. Home prices hit a record high in May, adding to the challenges for homebuyers.
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