Nvidia deal for OpenAI drives Wall Street higher

Consumer staples also struggled. Large supermarket chains Woolworths and Coles decreased by 0.6 percent and 0.5 percent respectively, while bottle stores and hotel owner Endeavor lost 1.1 percent.

In Wall Street, the S&P 500 increased by 0.4 percent after deleting a modest loss from the morning. Dow Jones industrial an average increased by 0.1 percent and Nasdaq composite increased by 0.7 percent. The third straight day, where all three knees put at the highest level of all time.

“Every time the market is finished, the market is deceiving most of us by pushing most of us,” Freedom Capital Markets said Jay Woods.

A familiar face was again the most powerful force that lifted Nvidia. Wall Street’s most valuable company, Openai’s new generation of artificial intelligence models increased a partnership to train and carry out a partnership. As part of the agreement, Nvidia will invest up to USD $ 100 billion ($ 152 billion).

Oracle also pushed the market higher after climbing 6.3 percent. Under the direction of President Donald Trump, a senior official said that Tiktok’s algorithm will take a copy of Tiktok’s algorithm for US users who are part of the agreement to ensure that the popular platform works in the country.

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Oracle also called Clay Magouuyrk and Mike Sicilia CEOs, and became the Vice President of the current CEO Safra Catz Technology company.

Some of the sharpest actions of the market were among the companies that agreed to take each other.

Pfizer, initially an agreement worth US $ 4.9 billion, said he would buy metsera and medicine pipeline to potentially treat obesity. For Metsera investors, the payment may rise sharply if the candidates gain approval from federal regulators and reach other milestones.

METSERA’s shares increased by 60.7 percent and Pfizer increased less than 0.1 percent.

In addition, after the loss of Wall Street, with a withdrawal for crypto currency prices, there was Coinbase Global, which fell 3.1 percent, while the stocks sank in the crypto industry.

Tylenol manufacturer Kenvue fell 7.5 percent to investors to make an announcement to Trump a painkillers to autism. After the closing bell, Trump said that Food and Pharmaceutical Administration would tell doctors to give pregnant women advice against using acetaminofen, the active ingredient in Tylenol. However, after the announcement, Kenvue shares increased by 4.7 percent.

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Wall Street stocks hopes that Trump’s tariffs will not remove global trade from the global trade, and the Fed will provide a few deductions to interest rates to increase the economy. The FED made the first segment of the year last week, and the authorities said that more could come to the end and next of this year.

The US stock exchange is still facing difficulties. Among them is that the chef does not reduce the interest rates of the Fed as much as investors expected. The Fed is careful, because lower rates can give more fuel to inflation, and inflation stubbornly remained over 2 percent target.

In addition, stocks seem to be too expensive for many professional investors after the prices have increased too much.

In other international markets, indices were mixed in Europe and Asia. Japan’s Nikkei 225 increased by 1 percent and Hong Kong’s Hang Seng fell 0.8 percent for two of the world’s larger movements.

Bloomberg with AP