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Tech Momentum and Fed Anticipation Propel Wall Street to New Heights

  U.S. stock futures climbed Wednesday morning, continuing a record-setting streak as investors rallied behind Nvidia’s meteoric rise and anticipated a pivotal decision from the Federal Reserve. The Dow Jones Industrial Average , S&P 500 , and Nasdaq 100 futures all posted gains, with the Nasdaq leading at a 0.5% increase, buoyed by tech optimism Nvidia (NVDA) surged in premarket trading, adding to its recent rally after CEO Jensen Huang’s keynote at the GTC event highlighted new AI partnerships and a bullish outlook for the industry. The company is now nearing a historic $5 trillion market valuation, driven by expectations of $500 billion in AI chip sales Investor sentiment was further lifted by speculation that former President Trump may ease restrictions on Nvidia’s sales to China, potentially boosting demand for its Blackwell AI processor Meanwhile, all eyes are on the Federal Reserve , which is widely expected to announce a 25 basis point interest rate cut at 2 p.m....

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Your daily horoscope: February 21, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Your quest to win friends and influence people will pay dividends over the next 12 months. Your magic touch on the social circuit will make you the No. 1 choice on everyone’s guest list and opens doors that had previously been closed to you.

ARIES (March 21 - April 20):

You can, if you wish, charm the birds out of the trees today, but a more useful aim for your communication skills would be persuading employers and senior colleagues that you are worthy of a promotion. Your talents have not gone unnoticed.

TAURUS (April 21 - May 21):

If you make it your business to impress people today you can easily win friends and loved ones round to your way of thinking. This is still an excellent time to get ahead on the career front, so make sure you say and do the right things.

GEMINI (May 22 - June 21):

You are not about to change your plans just to please other people and anyone who thinks differently will be disappointed. Move quickly in the direction of your dreams and don’t worry about leaving others behind – if they cannot keep up that’s too bad.

CANCER (June 22 - July 23):

If facts and figures don’t make much sense today you must speak up about it. You must also make it your responsibility to find out why. Could it be that someone is trying to cheat you? According to the planets that is a real possibility.

LEO (July 24 - Aug. 23):

A somewhat heated difference of opinion with a friend or family member is likely to erupt over the next 24 hours but don’t go to war over it. It will do you good to air your grievances, but you must allow them to do the same.

VIRGO (Aug. 24 - Sept. 23):

You have worked extremely hard of late and deserve a little rest and recreation, but no one will give it to you so you must take it yourself. All work and no play is never a good idea, so balance things out and permit yourself to have some fun.

LIBRA (Sept. 24 - Oct. 23):

The right opportunities have arrived at just the right time in recent weeks but the cosmic picture is starting to change and you will have to work harder now to stay at the same level of success. But that’s okay – for you hard work is a breeze.

SCORPIO (Oct. 24 - Nov. 22):

By all means speak your mind today but don’t forget that the words you use may come back at you in the near future. Try not to be quite so outrageous in your comments – you don’t have to go to extremes to make your point.

SAGITTARIUS (Nov. 23 - Dec. 21):

You always prefer to tell the truth, no matter how painful it might be, but today you would be wise to keep what you know to yourself, especially if there is money involved. When a loved one asks for your opinion, what they really want is reassurance.

CAPRICORN (Dec. 22 - Jan. 20):

If you change something for the sake of it over the next 24 hours you will have to change it back again a week or so from now, so think before you act and act only if you absolutely have to. Don’t let impatience be your undoing.

AQUARIUS (Jan. 21 - Feb. 19):

You may not care what other people think about you but if you are not on your best behavior today you could fall foul of someone who is eager to take you down a peg or two. Why give them the opportunity to make you look bad?

PISCES (Feb. 20 - Mar. 20):

Now the sun is moving through your sign your confidence will return and it won’t be long before you are on the fast track to success. Major changes are in the air, the kind of changes that will transform your existence in numerous meaningful ways.

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