Money

Nvidia’s stock falls over 5% after reaching a record high

Stocks declined as economic data spurred Treasury yield rise, raising Fed rate cut concerns; Nvidia, Tesla, and major tech stocks fell.

Published

1 year ago

January 8, 2025

ticker NEWS

Stocks declined as economic data spurred Treasury yield rise, raising Fed rate cut concerns; Nvidia, Tesla, and major tech stocks fell.

Stocks declined on Tuesday following new economic data that increased Treasury yields and raised concerns about potential Federal Reserve rate cuts.

The S&P 500 fell nearly 0.8%, while the Dow Jones Industrial Average lost 56 points or 0.1%. The Nasdaq Composite dropped 1.5%. Earlier in the day, major averages had traded higher before reversing direction.

Economic data from the Institute for Supply Management showed unexpectedly strong growth in the U.S. services sector for December, heightening concerns about persistent inflation. The 10-year Treasury yield rose nearly 6 basis points to 4.675%.

Tom Hainlin, senior investment strategist at U.S. Bank Asset Management Group, indicated that inflation and Fed rate expectations are being recalibrated, contributing to this sell-off in equity markets after initial optimism.

Despite the decline, Hainlin pointed out that the ISM data reflects robust consumer and labour markets, suggesting strong overall economic growth that could benefit corporate earnings.

Nvidia’s stock fell over 5% after reaching a record high, following the company’s announcement of new chips for PCs. Tesla also dropped nearly 4% after being downgraded by Bank of America due to high valuations and strategic risks.

Other major tech stocks, such as Meta Platforms and Amazon, also experienced losses of approximately 1.9% each, as the broader market declined.

This modest pullback followed a previous session marked by gains in semiconductor stocks and a report about President-elect Donald Trump’s tariff plans, which he later disputed.

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

2 days ago

February 18, 2026

Harvey Vargas

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

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#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

2 days ago

February 18, 2026

Harvey Vargas

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

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Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

3 days ago

February 17, 2026

Harvey Vargas

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

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