Investors got whipsawed by the Federal Reserve, the April jobs report and by Apple, which rolled out a colossal stock buyback. But the ongoing anti-Israel protests remained top of mind.
Inflation has mostly outpaced wage growth in the United States since President Biden assumed office, although in the last year wages have grown faster as inflation has slowed.
Nvidia investors are celebrating a winning streak for the stock as the chipmaker continues to dominate the race to own artificial intelligence with its own chips as well as developing strategic collaborations.