Wall Street edged higher as Fed Chair Kevin Warsh kept inflation and the central bank's 2% target in focus, prompting traders to raise bets on a September rate hike. Chip stocks retreated after Nvidia's AI-fueled rally, while PayPal tumbled and Gap surged following company-specific developments.
Wall Street edged higher as Fed Chair Kevin Warsh kept inflation and the central bank's 2% target in focus, prompting traders to raise bets on a September rate hike. Chip stocks retreated after Nvidia's AI-fueled rally, while PayPal tumbled and Gap surged following company-specific developments.
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