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Plus: NVDA CEO Dumps shares
Good Morning!
Futures are slipping after the S&P 500 hit a record high—guess the rally’s too good to last. Nvidia’s CEO just pocketed $713 million, Intel’s on the rise with a $5 billion investment rumor, and gold’s setting new records as Middle East tensions heat up. Plus, the Fed’s making noise about that big rate cut. Want to know where the smart money’s going? Read on, and let’s make sure you’re ahead of the game.
Let’s get into it 👇
🌡 Market Temperature Check
🧪 What’s Moving Markets?
Futures are sliding a bit after the S&P 500 hit another all-time high—guess investors can’t have too much of a good thing. Meanwhile, Fed Governor Adriana Kugler is up to bat with her thoughts on that big rate cut, adding to the Fed's chatter this week. Oh, and don’t miss the drama: the U.S. is probing SAP and Carahsoft over price-fixing. Plus, gold is flirting with record highs as traders eye lower interest rates and safe-haven plays.
🤑 Nvidia CEO Jensen Huang Dumped 6 Million Shares, Grossing $713 Million
Jensen Huang just cashed in on a cool $713 million after Nvidia’s stock skyrocketed 3,000% in five years. With 75.4 million shares still in his personal account, I’d say life’s pretty sweet at the top—especially when your employees are rolling in millions too.
🥇 Gold Cracks $2,670 to Set New Record as Middle East Tensions Flare Up
Gold's enjoying its moment in the sun, as traders pile in thanks to lower interest rates and Middle East tensions. It touched a record $2,670 per ounce today before pulling back—looks like this shiny safe-haven is still the go-to when the world's on edge.
📈 Intel stock jumps after report of possible Apollo investment
Intel stock is flexing early this week, jumping over 3% on rumors of a $5 billion investment from Apollo Global. Add in the buzz about a potential Qualcomm takeover, and it’s no wonder Intel’s having a moment.
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