News, reviews and company reports, NVidia's fall, market stability in anticipation of PCE
Market reviews
NVDA fell 6% after the report and finally erased the growth of US stock indices. Only DJIA remained in the plus by 0.5%. Small-cap stocks also outperformed the market. But overall, everything is calm. The PCE report today should strengthen expectations that the first rate cut is inevitable, but it may not clarify how quickly and to what extent the Fed will ease, market analysts believe. PCE is expected to remain at 2.5% y/y, and Core PCE will grow from 2.6% to 2.7%.
• World container shipping leader Maersk is buying engine maker Concentric for $840 million. Concentric...