Nvidia Rally Boosts Futures as S&P 500 Slides
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- Nvidia leads chip stocks higher, spurring gains in S&P 500 and Nasdaq futures.
- S&P 500 futures rose as chip stocks rallied.
- Nasdaq futures rose alongside S&P 500 futures as chip stocks advanced.
- S&P 500 index slipped from its record high on Tuesday as inflation data came in hot and the chip rally cooled.
Why it matters: Tech investors gain from Nvidia’s rally, while broader equity holders see the S&P 500 dip, tightening market breadth and forcing fund managers to rebalance portfolios amid inflation‑driven bond yield pressure.
