Latest Stock Market Updates

Tech Stocks Surge: Nasdaq jumps 2% as AI chipmakers (Nvidia, AMD) rally on strong demand forecasts

1. Inflation Cools: U.S. CPI dips to 3.0% YoY, boosting hopes for Fed rate cuts by late 2023.

1. Oil Prices Volatile: Brent crude hits $85 amid Middle East tensions and OPEC+ supply cuts.

1. Earnings Season Mixed: Tesla shares drop 4% post-Q2 revenue miss, while Netflix soars on subscriber growth.

1. Fed Rate Pause: Powell hints at holding rates steady in July but leaves door open for September cuts.

1. Crypto Rally: Bitcoin climbs to $63K as institutional ETF inflows spike; Ethereum up 12% weekly.

1. Asian Markets Slump: China’s SSE index falls 1.5% on weak industrial data, dragging regional indices.

1. Retail Investor Boom: Meme stocks (GameStop, AMC) spike 20%+ amid Reddit-led trading frenzy.