What’s News in Markets: Nvidia’s Victory Lap, Callaway Lands in the Rough, Sneaker Slump
Summary
WSJ’s Imani Moiz reviews market movers, starting with Fed Chair Powell’s warning that inflation remains too high, prompting yield spikes. Nvidia shares surged on strong AI demand forecasts, though concerns about the sector’s durability persist. Callaway Golf apologized for a sexist ad, while Nike and Dick’s Sporting Goods fell after the retailer cited excess inventory and heavy discounting in the athletic wear industry.
Topics discussed
Sponsor: ReliaQuest cyber defense
Fed Chair Powell's Jackson Hole speech and market reaction
Nvidia earnings surge and AI demand concerns
Callaway Golf controversy over sexist ad
Dick's Sporting Goods drop impacts Nike and sector
Show wrap-up and credits
Sponsor: Viking cruises
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