The Dow Jones Industrial Average and other major stock indexes gained ground on Wednesday afternoon before pulling back as investors analyzed the Federal Reserve’s latest policy meeting minutes. Defensive companies like utility, wireless telecom, property insurance, and real estate investment trusts took a hit due to market rotation.
However, tech stocks received a boost from the news that Nvidia has partnered with Meta Platforms, sending shares rising. Meanwhile, another collaboration between Nvidia and Tesla’s collaborator TE Connectivity was expected to resume its upward trend after experiencing double-digit growth driven by AI-powered sensor demand.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-fed-minutes-nvidia-nvda-meta