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Nvidia Rally Boosts Stocks; Dollar Steady – Reuters Report

Nvidia's rally boosts global stocks; dollar steady amid weak U.S. retail sales. UK inflation hits target; rate cut hopes rise. Tech, commodities mixed.

by Mark Eisenberg
Wed, Jun 19, 2024 1:07pm
in Technology
• 3 mins read
14.8k
Nvidia Rally Boosts Stocks; Dollar Steady – Reuters Report | FinOracle

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Stocks Boosted by Nvidia Rally; Dollar Steady

Global stocks reached record highs on Wednesday, sparked by a rally in tech shares. This surge was led by AI chipmaker Nvidia becoming the world's most valuable company. Meanwhile, the dollar stalled due to weak U.S. retail sales data, hinting at a potential rate cut this year. The MSCI's All-World index increased by 0.2% to 805.13, nearing an all-time high of 805.43.

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