CNBC Business News Update Market Midday: Stocks Higher, More Job Openings Were Posted In April, Today Nvidia Is World's Most Valuable Company 6/3/25
Jun 3, 2025
Discover how NVIDIA's impressive stock performance is boosting the market and what record job openings mean for the economy. Learn about the tension between job growth and potential AI-driven job cuts at major companies like Microsoft. Plus, dive into Meta's intriguing nuclear power deal as part of its clean energy goals. Lastly, explore the rise of polyworking, with more Americans juggling multiple jobs to navigate economic challenges.
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Markets Rise Despite Downgrade
- Wall Street markets rose despite the US growth outlook downgrade by the OECD.
- NVIDIA shares led gains, helping the Dow, S&P 500, and NASDAQ climb.
Job Openings Up, Factory Orders Down
- U.S. job openings increased in April, reaching the best levels since February.
- However, factory orders for April came in lower than expected.
NVIDIA Tops Microsoft; AI Cuts Jobs
- NVIDIA overtook Microsoft as the world's most valuable company.
- Microsoft laid off hundreds more employees, highlighting AI's role in reducing workforce needs.