US STOCKS - Stocks Fall Despite Nvidia boost as Inflation Concerns Weigh

May 24, 2024, 04.47 AM | Source: Reuters
US STOCKS - Stocks Fall Despite Nvidia boost as Inflation Concerns Weigh

ILUSTRASI. US STOCKS - Stocks Fall Despite Nvidia boost as Inflation Concerns Weigh REUTERS/Brendan McDermid

WALL STREET - NEW YORK, May 23 (Reuters) - U.S. stocks ended lower on Thursday, even as a strong revenue forecast for Nvidia fueled a surge in its shares, but that was overshadowed by economic data showing inflation was still a concern that could delay any Federal Reserve rate cuts.

Nvidia shares jumped 9.32% to close above the $1,000 per share mark for the first time and helped boost the Nasdaq and S&P 500 to intraday records in the early stages of trading after the AI chip company forecast quarterly revenue above estimates and announced a stock split.

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