Nvidia, Walmart Boost Stocks; Rate Cuts Expected
Update: 2025-11-20
Description
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.
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