US Stocks Close Higher: Dow jumps 662 points as fed signals more cuts; Nvidia rebounds, tech and small caps rally to end volatile week

The Dow Jones jumped 662 points (1.5%) on Friday after New York Fed President John Williams suggested more rate cuts may come this year The Nasdaq and S&P 500 both rose 1.4%, helped by a strong comeback in Nvidia shares, which went up more than 1% after a Bloomberg News report said the Trump administration may allow sales of H200 chips to China, as per the Bloomberg News. John Williams said, “I view monetary policy as being modestly restrictive… I still see room for a further adjustment in the near term”. H ...