Stocks Sell Off After Moody's US Downgrade; Nvidia Unveils New Tech | Bloomberg Brief 05/19/2025
May 19, 2025
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43:37Now PlayingStocks Sell Off After Moody's US Downgrade; Nvidia Unveils New Tech | Bloomberg Brief 05/19/2025
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as posted by the channelUS equity futures and the dollar declines after Moody's downgraded its credit rating for the US. The yield for 30-year Treasuries surpasses 5% for the first time since November 2023. Nvidia CEO Jensen Huang unveils new tech at Computex in Taipei. President Trump's tax bill advances after GOP lawmakers strike a deal for faster Medicaid cuts. Alfonso Peccatiello of Palinuro Capital says the nominal neutral rate for the US is being raised. Keith Lerner of Truist says the relationship between tech and interest rates is somewhat over-extrapolated.
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