NEW YORK (AP) — U.S. stocks are slipping Monday as Wall Street prepares for a report on inflation that could show how realistic its hopes for easier interest rates are. Expectations for easier interest rates have helped the price of gold rally to a record. Nvidia is still up more than 70% this year after more than tripling last year amid a frenzy on Wall Street around artificial-intelligence technology. The rally has caused Nvidia to swell in size, and it’s become the third-largest stock on Wall Street. Elsewhere on Wall Street, Reddit said it’s looking to raise almost $750 million by selling its stock to investors on an exchange for the first time.

Source: Ethiopian News March 11, 2024 04:00 UTC