Nvidia, Target, ViaSat, Urban Outfitters, Toll Brothers, and More Stock Market Movers

Nvidia shares dip ahead of earnings from the leader in artificial-intelligence chips, and Target tumbles as the retailer posts an earnings miss. 


 
Fed Is In 'Risk Management' Mode with Rate Policy as It Seeks Clarity on Inflation

Fed Presidents Mester, Collins, and Bostic preach patience in determining whether price growth is cooling. 


 
U.K. Inflation Closes In on Bank of England Target as Rate Cuts Near

The U.K.'s consumer prices were 2.3% higher in April, nearing the Bank of England's target and opening the way for a rate cut in the coming months, although prices of services continued to rise at a pace that will concern policymakers. 


 
Gold's Latest Allure? It's Sanctions-Proof

Buying from central banks, particularly from China, can keep the gold rally going even if anxious individual investors don't jump in. 


 
Risky Bonds Join the Everything Rally

The premium paid by high-yield debt falls to near pandemic-era lows. 


 
Hedge funds cut stakes in Magnificent Seven to invest in broader AI boom

Money managers invested in utility companies, chip makers, and technology firms that could benefit from the growth of the AI sector, Goldman Sachs analysis shows 


 
Chinese Business Group Warns of Tariff Hikes on Car Imports

A Chinese business group warned of possible tariff increases on car imports in retaliation for moves by the U.S. and European Union on Chinese electric vehicles. 


 
Japan's 10-Year Government Bond Yield Hits 1%, An 11-Year High

The 10-year Japanese government bond yield briefly touched 1% for the first time in 11 years, propelled by growing expectations that the country's central bank may take further tightening steps. 


 
Japan's Exports Rise for Fifth Straight Month

The climb was driven by cars and semiconductor manufacturing equipment, but it was lower than the forecast expansion. 


 
Indonesia's Central Bank Stands Pat

Bank Indonesia stood pat at its May policy meeting, a widely expected decision as policymakers keep an eye on rupiah stability and inflation against an uncertain backdrop.


(END) Dow Jones Newswires

05-22-24 0715ET