Bonds & Stocks
A blowout outlook from Nvidia Corp. spurred a rally in technology stocks, bolstering confidence in the artificial-intelligence trade that has powered the bull market. The S&P 500 rose 0.2%. The yield on 10-year Treasuries advanced one basis point to 4.66%.
Economy
Federal Reserve Bank of Kansas City President Jeff Schmid said the central bank’s interest-rate setting is not restraining the US economy at a time when inflation continues to run above its 2% target.
World
The US government is investigating Singapore-based Apex Logistics for its suspected role in smuggling Nvidia Corp. AI chips to China, people familiar with the matter said, in what may result in the first action against a transportation company for allegedly participating in the illegal semiconductor trade.