Fed minutes explain rate holdoff
Minutes from the Fed's most recent meeting showed most members felt the U.S. economy was strong enough for a rate increase, but decided to wait on concerns about a slowing global economy. Bobbi Rebell reports.
Stock Market Today: The Dow Jones dropped 225 points Thursday after jobless claims. Nvidia stock surged above $1,000 on strong earnings results.
This marks the largest stock split to date for the chipmaker.
According to a report, President Biden’s proposed 2025 budget would increase the top marginal rate on long-term capital gains and qualified dividends to an astonishing 44.6%.
Alongside another blockbuster earnings report, Nvidia said it planned to split its stock. Here's a look at what that means: + **Why is Nvidia splitting its stock?** The company said it wants to "make stock ownership more accessible to employees and investors." A split lowers the per-share price of a stock, theoretically putting it in reach for more small investors (though nowadays, brokers offer fractional share trading, meaning this isn't a big obstacle.) It is also marginally good news for bigger investors, who tend to prefer dealing in round lots of 100 shares at a time.
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Should investors be excited or worried when a stock crosses above the 200-day simple moving average?
Betting on megacap growth has been a winning strategy.