Nvidia, Walmart Boost Stocks; Rate Cuts Expected

US stocks surged on Thursday, driven by Nvidias strong earnings and hopes for interest rate cuts following the September jobs report. Nvidias stock soared after the chipmaker reported better-than-expected earnings and a strong outlook. The US economy added 119,000 jobs in September, surpassing expectations, but the unemployment rate rose to 4.4%. This data increased the likelihood of a rate cut at the Federal Reserves next meeting. Walmart also raised its full-year forecasts after exceeding expectations in the third quarter, boosting investor confidence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.