Nvidia's Groq deal, S&P's winning week, leather tariffs and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
TL;DR
- Major stock averages are set for weekly gains, with the S&P 500 up 1.4%, the Dow Jones Industrial Average and Nasdaq Composite over 1% higher.
- This period historically shows strong performance for stocks, with the S&P 500 averaging a 1.3% gain in the last five trading days of the year and the first two of the new year.
- Gold and silver prices have reached new highs.
- Nvidia is acquiring assets from chip startup Groq for $20 billion, including its founder and senior leaders.
- Google may allow users to change their existing @gmail.com addresses while retaining all data and services, a feature possibly launching in India or Hindi-speaking markets.
- Waymo has paused its robotaxi service in the San Francisco Bay Area due to anticipated heavy rain.
- Prices for leather goods are increasing due to tariffs and supply chain bottlenecks, with Tapestry expecting significant tariff-related expenses.
- The Yale Budget Lab estimates that leather goods prices could remain nearly 22% higher for the next one to two years.