Finance

The Dow Jones Industrial Average achieved a record-high close above the 50,000 mark this week, reflecting a banner year for U.S. equities. However, analysts express concern over a lack of market breadth, noting that a small group of leading stocks is responsible for the majority of these gains, leaving the broader market potentially vulnerable.

Chipmaking giant Nvidia reported a 211% year-over-year jump in quarterly profit, reaching $58.3 billion as high demand for artificial intelligence infrastructure continues to accelerate. Despite these massive figures, the stock's reaction was initially muted as investors weighed the company's aggressive share repurchase program against extremely high market expectations.

Kevin Warsh officially begins his tenure as Fed Chair today, succeeding Jerome Powell during a period of heightened market volatility. Most economists now expect the central bank to keep interest rates unchanged for the remainder of 2026, as persistent inflation driven by energy costs and Middle East tensions diminishes the likelihood of near-term policy easing.