Markets hit new highs

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 5 June 2024

⏱️ 1 minutes

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Summary

Markets hit new highs; NVIDIA hits $3 trillion; New York delays congestion pricing; American offers flight attendants 17% raise.

Transcript

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0:00.0	This is the marketplace minute. I'm Megan McCarty Carino.
0:04.6	Markets soared to new highs Wednesday, well except for the Dow, though it gained a quarter
0:09.5	percent, but the S&P jumped one in two 10% while the NASDAQ shot up 2%.
0:15.0	The rally was driven by tech stocks, especially
0:18.0	NVIDIA, the chipmaker that is powering the artificial intelligence boom.
0:22.0	NVIDIA's market caps surpassed three trillion dollars Wednesday.
0:26.5	That puts it neck and neck with Apple for the second most valuable company in the US after Microsoft. A plan to charge drivers a toll to enter the busiest
0:35.8	parts of New York City has been put off indefinitely. The Congestion Pricing Program was set to go into effect
0:42.1	at the end of the month after years of
0:44.0	planning but the governor put the brakes on it over concerns about its financial
0:47.8	effects for residents. And American Airlines has offered flight attendance
0:52.1	raises of 17% as contract
0:54.8	negotiations drag on. The workers are preparing to strike if a deal isn't reached
0:59.4	soon. I'm Megan McCarty Carino with the Marketplace Minute.

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