Dow Jones inches lower, Nvidia jumps on Trump’s deals with Saudi Arabia

By: cryptosheadlines|2025/05/15 10:15:05
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com U.S. stocks were slightly mixed on Wednesday, as chipmakers saw major gains on new deals with Saudi Arabia.Stocks were mixed on Wednesday, with the Dow Jones trading lower by around 0.25% while the S&P 500 remained flat. The tech-heavy Nasdaq rose 0.75%, or 142.58 points, to 19,150. This performance followed a strong showing earlier in the week, as investors reacted to the pausing of reciprocal tariffs between the U.S. and China. Adding to the positive sentiment, recently released April inflation figures were at their lowest levels since 2021.Chipmakers lead Nasdaq rallyEasing trade relations and lower inflation data contributed to bullish sentiment in the markets. Among the best performers were tech stocks, especially chipmakers, which benefited from a recently negotiated deal between U.S. firms and Saudi Arabia.DOW Jones Industrial Average heat map | Source: Tip RanksSpecifically, during an investment forum on Tuesday attended by U.S. President Donald Trump, Saudi Arabia announced billions in deals with chipmakers. Following the news, the world’s largest chipmaker, Nvidia, rose 3.75%, trading at $134.85 per share. Despite the positive sentiment in equities, the dollar index edged lower on Wednesday, down 0.21% to 100.80 points. At the same time, gold posted significant losses of 1.91%, trading at $3,182.22. A divestment from the dollar and gold indicates that investors are chasing bigger returns in the stock markets.Bitcoin (BTC) once again moved in the same direction as gold, down 0.66% to $103,378. Still, the digital gold thesis for Bitcoin is not the only explanation, as crypto prices began rallying days ahead of the stock markets when Bitcoin first broke $100,000. Instead, crypto prices are likely consolidating and cooling off—suggesting that the same may follow for stocks in the near future. Source link

You may also like

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Popular coins

Latest Crypto News

Read more