More swings hit Wall Street
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Nvidia stock was finding its footing Friday after the selloff following its earnings report. The results weren’t able to keep the market from falling, but Wall Street analysts are backing the chip maker,
The Dow gained 800 points, or 1.7%, and the broader S&P 500 rose 1.6%. The Nasdaq was about 1.7% higher. The rally came after New York Federal Reserve President John Williams said he supported lowering near-term interest rates, giving traders hope that they could get a December rate cut, after all.
Though four high-profile companies have announced and completed a split in 2025, Wall Street's biggest stock split of the year officially arrives today, Nov. 17.