The ravenous appetite for Nvidia\u2019s chips is the main reason that the company\u2019s stock price has been soaring since 2023. On Wednesday, the shares touched $207.80 in premarket trading, putting its market cap at $5.05 trillion.<\/p>\n
<\/p>\n \n Stay up to date with the latest news from AP.\n <\/p>\n Shares of Caterpillar jumped 4.4% in premarket trading after the industrial machinery manufacturer blew past Wall Street expectations thanks to 10% increase in revenue over the same quarter last year. <\/p>\n Reporting after the bell are Google parent Alphabet, Meta, Microsoft and Starbucks.<\/p>\n Later Wednesday, the Federal Reserve was to announce<\/a> its latest move on interest rates. <\/p>\n Investors expect the Fed to announce a rate cut given the slowing job market.<\/a> It would be the second time this year that it\u2019s lowered the federal funds rate. <\/p>\n <\/p>\n <\/p>\n <\/a><\/p>\n Given the lack of statistical updates due to the nearly monthlong U.S. government shutdown, Fed officials may opt for caution, analysts said.<\/p>\n \u201cIn the absence of fresh data, policymakers are effectively acting half-blind, but the market widely expects a 25-basis-point rate cut,\u201d Ipek Ozkardeskaya of Swissquote said in a commentary.<\/p>\n In Europe at midday, Germany\u2019s DAX edged 0.1% lower, while the CAC 40 in Paris was flat. Britain\u2019s FTSE 100 picked up 0.7%.<\/p>\n In Asian trading, Tokyo\u2019s Nikkei 225 jumped 2.2% to a record 51,307.65. <\/p>\n After a visit in Japan that culminated in $490 billion in investment commitments, Trump met with South Korea\u2019s<\/a> leader on Wednesday, though a trade deal with that country appeared more elusive.<\/p>\n Top officials in Washington and Seoul say the sticking point for an agreement continues to be the logistics behind Trump\u2019s demand that South Korea invest $350 billion in the United States.<\/p>\n Still, South Korea\u2019s Kospi rose 1.8% to 4,081.15. <\/p>\n The Shanghai Composite index surged 0.7% at 4,016.33. It has been trading near decade highs ahead of Trump\u2019s expected meeting with China\u2019s Xi on the sidelines of a regional summit in South Korea. <\/p>\n Trump and Xi<\/a> have been locked in an escalating trade war<\/a>, with Washington imposing high tariffs and tightened technology controls and China retaliating with curbs on rare earth shipments<\/a>, one of its key sources of leverage.<\/p>\n The fact that a meeting is planned suggests there is room for some progress in easing tensions, experts say. <\/p>\n Australia\u2019s S&P\/ASX 200 declined 1% to 8,926.20 after the release of higher than expected inflation data, an annual rate of 3.2%, dashed hopes for an interest rate cut anytime soon.<\/p>\n Taiwan\u2019s Taiex gained 1.2% and India\u2019s Sensex rose 0.4%. <\/p>\n In energy trading, U.S. benchmark crude oil gained 25 cents to $60.40 a barrel. Brent crude, the international standard, rose 24 cents to $64.07 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street was pointing toward gains in premarket trading Wednesday as markets focus on the latest corporate earnings…\n","protected":false},"author":3,"featured_media":340795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7060,3881,13214,64,74,84,69,12042,455,439,57,59,170,2010,7062,14229,1571,147,15243,30357,41848,16266,61,67,370,132,68,93,107],"class_list":{"0":"post-340794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-alphabet","9":"tag-ap-top-news","10":"tag-asia-pacific","11":"tag-business","12":"tag-china","13":"tag-district-of-columbia","14":"tag-donald-trump","15":"tag-economic-policy","16":"tag-federal-reserve-system","17":"tag-financial-markets","18":"tag-general-news","19":"tag-inc","20":"tag-japan","21":"tag-jensen-huang","22":"tag-meta-platforms","23":"tag-microsoft-corp","24":"tag-national","25":"tag-nvidia-corp","26":"tag-south-korea","27":"tag-south-korea-government","28":"tag-starbucks-corp","29":"tag-stocks-and-bonds","30":"tag-u-s-news","31":"tag-united-states","32":"tag-united-states-government","33":"tag-unitedstates","34":"tag-us","35":"tag-washington-news","36":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115457593253829159","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/340794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=340794"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/340794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/340795"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=340794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=340794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=340794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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