What’s News in Markets: Nvidia’s Big Buyback, Cruise Comeback, Egg Glut
Summary
WSJ’s Imani Moiz reports on market moves driven by a 24-year high in 10-year Treasury yields and a weak jobs report that eased rate-hike fears. Cruise stocks surged after Carnival beat earnings despite soaring fuel costs, while Cal-Main Foods fell as egg oversupply slashed its profits. The episode also highlights Nvidia’s record $150 billion stock buyback authorization, which boosted its market cap and shares.
Topics discussed
Introduction and market overview
Rising bond yields and weak jobs report
Weekly stock performance summary
Cruise stocks rise despite high fuel costs
Cal-Main Foods loses as egg prices drop
Nvidia's record $150B stock buyback
Context on buybacks and Nvidia's valuation
Credits and AWS AI advertisement
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