S&P 500 ends higher after Trump attacks Fed; Nvidia climbs
[hfe_template id='11223']
[ad_1]
The S&P 500 ended higher on Tuesday, lifted by Nvidia and Eli Lilly, while U.S. President Donald Trump's decision to fire a central bank governor deepened concerns about the Federal Reserve's independence. Nvidia rose 1.1% ahead of its quarterly report late on Wednesday, which will show how the world's most valuable company is faring in the crossfire of Washington and Beijing's ongoing trade war. The chipmaker's report could also fuel - or dampen - Wall Street's rally in AI-related stocks. Trump late on Monday said he was removing Fed Governor Lisa Cook over alleged improprieties in obtaining mortgage loans, adding to concerns about the central bank's independence from politics. S&P 500 futures briefly sank before the stock market recovered as investors focused on unchanged expectations that the central bank will begin cutting interest rates in September. "The financial market community is increasi...