U.S. equity futures held steady in Thursday’s early trade following a record-setting session for NVIDIA Corporation (NASDAQ:NVDA), whose shares surged to new all-time highs on the back of optimism in artificial intelligence (AI) demand and strong institutional positioning. The muted movement in futures suggests a pause from
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Shares of general merchandise retailer Target (NYSE:TGT)
jumped 3.7% in the afternoon session after the company announced its "Back-to-School-idays" savings event, aiming to attract shoppers with significant discounts ahead of the new school year.
Amazon.com Inc. (NASDAQ: AMZN) has subtly increased prices on everyday items, including deodorant, protein shakes, and pet care products. This move is in stark contrast to the company's earlier promise to maintain prices despite the tariffs.
According to a Wall Street Journal analysis, prices are higher for 1,200 of the cheapest items on Amazon. Interestingly, Walmart cut the prices on those items.
The nation’s largest retailer warned in May that it would have to raise prices for its shoppers as President Donald Trump’s new duties drive up the cost of many imported goods.
