Nvidia Shares Help Lift Nasdaq 
 

A jump in bond yields weighed on the broader market.


 
U.S. consumer confidence rebounds in May after three months of decline 
 

The index of consumer confidence rebounded to 102 in May from a revised 97.5 in the prior month, the Conference Board said Tuesday. This is the first increase in the index after three straight declines.


 
Rate Hikes Aren't Off the Table, Fed's Kashkari Says 
 

The most likely outcome is an extended period of rates at their current level, but the Fed could raise them again if inflation picks up.


 
Dow Falls, Nasdaq Rises to Start Week 
 

Nvidia shares ended at another all-time high, helping the technology-heavy Nasdaq to close above 17000 for the first time. The S&P 500 edged higher, while the Dow industrials declined.


 
ECB's Knot: Key Rate Seen Falling Slowly in Response to 'Bumpy' Data 
 

The European Central Bank will lower its key interest rate to less restrictive levels this year, but the timing will depend on how rapidly wages and prices cool, the head of the Dutch central bank said.


 
Home prices reach new high in March, Case-Shiller says, fueled by scarcity 
 

Case-Shiller 20-city home price index rose 7.4% year-on-year in March.


 
Saudi Arabia to Raise $10 Billion to $20 Billion in Fresh Aramco Stock Sale 
 

The long-awaited offering, if it proceeds, would alleviate near-term pressure on the kingdom to raise funds.


 
Cooling for AI is a Hot Stock Market Trade-for Now 
 

Companies like Vertiv that can help artificial-intelligence data centers dissipate heat have had gains of more than 600%.


 
Israeli Tanks Close In on Central Rafah as Global Uproar Grows 
 

The latest advance in the southern Gaza city comes days after one of Israel's airstrikes killed dozens of Palestinian civilians there, prompting condemnation from around the world.


 
Wall Street's Favorite Recession Indicator Is in a Slump of Its Own 
 

Treasury yields have been inverted for the longest stretch on record.


(END) Dow Jones Newswires

05-28-24 1915ET