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Nvidia earnings adjust chances for S&P 500 record year [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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stocks and the late-autumn rally powered by Trump Trade bets on stronger economic growth and fatter corporate profits. The broadest benchmark of U.S. shares is now up a bit more than 24% this year, gaining around 3.7% this month after President-elect Donald Trump's early November victory and the second consecutive interest rate cut from the Federal Reserve to slow inflation. The benchmark has printed over 50 all-time highs and added nearly $6 trillion in overall market value this year. Now, with Nvidia's NVDA highly anticipated fiscal third-quarter earnings behind it and the election uncertainty largely erased, stocks could be set for another so-called melt-up that would propel the S&P 500 to top the yearly record 29.6% advance recorded in 2013. Related: Goldman Sachs analyst leads Nvidia price target overhauls after earnings While meager so far, the post-earnings gains in Nvidia stock remain a huge component of the market's broader health, given its outsized weighting in th
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