What’s News in Markets: Nvidia’s Victory Lap, Callaway Lands in the Rough, Sneaker Slump
Summary
WSJ’s Imani Moiz reviews weekly market moves, highlighting Fed Chair Powell’s warning that inflation remains high and rates may rise further. Nvidia shares surged on strong AI demand forecasts, while Callaway Golf apologized for a controversial ad. Nike and Dick’s Sporting Goods fell after the retailer cited industry-wide inventory issues and discounting pressure.
Topics discussed
Sponsor: ReliaQuest cybersecurity defense
Fed Chair Powell signals rates may not be done rising
Markets end week slightly higher despite Fed concerns
Nvidia shares surge on strong AI demand forecast
Concerns over Nvidia's balance sheet and AI durability
Callaway Golf apologizes for sexist ad campaign
Nike and Dick's Sporting Goods drop on inventory woes
Wrap up and credits
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