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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: August 27, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

As one of the zodiac’s Earth signs you tend to stick with what you know and trust, but with innovations planet Uranus strong on your birthday it will pay you to be more adventurous in your thinking. There really is no limit to what you can achieve.

ARIES (March 21 - April 20):

If you want to make a good impression on a senior work colleague, or even your employer, try doing something different today. They are so used to your co-workers playing it by the book that a more innovative approach from you will be welcomed.

TAURUS (April 21 - May 21):

It will come as a shock to discover that a friend or family member has been bending the rules not just a little bit but a lot. Don’t be too judgmental though. It’s not as if you have not cut a corner or two yourself over the years.

GEMINI (May 22 - June 21):

Changes you made earlier in the year are beginning to filter through to your everyday reality and what occurs over the next two or three days will encourage you to believe that the benefits could be huge. That’s the dividend you get for looking ahead.

CANCER (June 22 - July 23):

If you are of the opinion that what you have accomplished in recent months is not that important then what occurs today and tomorrow will encourage you to change your tune. Some of the small changes you made are about to yield very big returns.

LEO (July 24 - Aug. 23):

An anxiety that has been holding you back from doing your best work in recent weeks will fade rapidly over the next few days, leaving you to wonder why on earth you allowed yourself to get so worked up. Whatever the reason, make up for lost time.

VIRGO (Aug. 24 - Sept. 23):

You may be concerned that some of the changes taking place in the world around you are going to impact negatively on your plans but if anything the opposite is true. Don’t fear new technologies and new ways of doing things, embrace them instead.

LIBRA (Sept. 24 - Oct. 23):

If a friend or colleague starts saying things you know are not true you must come down on them quickly and come down on them hard. If you don’t stick up for yourself then no one else will, so get tough and make sure they get the message.

SCORPIO (Oct. 24 - Nov. 22):

Your feelings for a certain individual will reach a peak over the next 24 hours but don’t allow yourself to get so obsessed by them that you lose all sense of proportion. They may be special but they are not infallible. They have faults, just like you.

SAGITTARIUS (Nov. 23 - Dec. 21):

At some point today it will become apparent that something that has been a central part of your life for years is now holding you back. It doesn’t matter if it is a person, a possession or even a belief, you can and you must let it go.

CAPRICORN (Dec. 22 - Jan. 20):

A partnership of some kind has been on a rocky road of late but it will get a major boost over the next few days. If it is a professional or business partnership there is every chance it will pay off in ways you may not have expected.

AQUARIUS (Jan. 21 - Feb. 19):

Family and financial matters are under good stars today and there is a real possibility that you will profit from the assistance you gave a loved one or partner a week or two back. You didn’t expect to be rewarded, of course, but you will be.

PISCES (Feb. 20 - Mar. 20):

If you are involved in something of an artistic or creative nature you can guarantee its success by bringing other people into the mix. What you do on your own will be good but what you do as part of a team could border on genius.

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