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S&P 500 Gains and Losses Today: State Street, BlackRock Shares Fall; Nvidia Stock Rises

1. Nvidia's stock reached a record high following AI chip sales resumption in China. 2. Inflation pressures dimmed outlook for interest rate cuts by the Federal Reserve. 3. Tech sector strength noted, with Nasdaq closing at another record high. 4. AI-related companies like Supermicro and AMD also saw stock price increases. 5. State Street and BlackRock reported disappointing earnings, impacting their share prices.

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FAQ

Why Very Bullish?

Nvidia's announcement to resume sales boosts its market position and confidence. Historical trends show significant stock price increases following positive product announcements.

How important is it?

The content directly addresses Nvidia's key product strategy, which shapes its performance outlook.

Why Short Term?

Immediate stock responses to announcements will likely stabilize, but momentum may persist as sales ramp-ups impact quarterly results.

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