Market Gains
The S&P 500 and Dow Jones Industrial Average reached record highs, with the S&P up 0.25%, the Dow rising 83.57 points, and the Nasdaq climbing 0.56%, driven by Nvidia's stock surge.
Consumer Confidence Drops
U.S. consumer confidence fell to 98.7, its biggest one-month decline in over three years, reflecting concerns over jobs and inflation.
Visa Lawsuit
The U.S. Department of Justice sued Visa, accusing it of maintaining a monopoly over debit transactions, pushing up costs and harming competition. Visa's stock dropped by over 5%.
Drug Price Scrutiny
Novo Nordisk CEO Lars Jørgensen faced U.S. Senate questioning over high drug prices for Wegovy and Ozempic but did not commit to lowering them.
Caroline Ellison Sentenced
Caroline Ellison, a key witness in the Sam Bankman-Fried case, was sentenced to two years in prison for her role in the FTX fraud, with the judge rejecting a lenient sentence despite her cooperation.
The S&P 500 and Dow Jones Industrial Average reached record highs, with the S&P up 0.25%, the Dow rising 83.57 points, and the Nasdaq climbing 0.56%, driven by Nvidia's stock surge.
Consumer Confidence Drops
U.S. consumer confidence fell to 98.7, its biggest one-month decline in over three years, reflecting concerns over jobs and inflation.
Visa Lawsuit
The U.S. Department of Justice sued Visa, accusing it of maintaining a monopoly over debit transactions, pushing up costs and harming competition. Visa's stock dropped by over 5%.
Drug Price Scrutiny
Novo Nordisk CEO Lars Jørgensen faced U.S. Senate questioning over high drug prices for Wegovy and Ozempic but did not commit to lowering them.
Caroline Ellison Sentenced
Caroline Ellison, a key witness in the Sam Bankman-Fried case, was sentenced to two years in prison for her role in the FTX fraud, with the judge rejecting a lenient sentence despite her cooperation.