
Morning Brief Nvidia hits record, S&P 500 rallies, Trump eyes Fed shakeup
On Morning Brief, Brad Smith reports US stocks edge higher as Nvidia (NVDA) becomes the world’s most valuable company, fueling gains in the S&P 500 and Nasdaq. First quarter GDP is revised lower, and jobless claims rise, pointing to a cooling labor market. President Trump may announce a new Fed chair pick ahead of Powell’s term ending, but markets remain calm. Walgreens (WBA), Palantir (PLTR), JetBlue (JBLU), and Nike (NKE) are among today’s trending tickers.
Takeaways:
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Nvidia becomes the world’s most valuable company as tech leads rally
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Trump considers early Fed chair pick as Powell’s term nears end
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The labor market shows signs of strain with higher jobless claims
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Brad Smith hosts Yahoo Finance's Morning Brief.
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