Indexes end higher in volatile trade as investors assess Powell speech

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Nvidia market reaction shows rally in US stocks is likely over - Morgan Stanley's Wilson

August 25, 2023 8:04 AM EDT

Thursday's selloff in U.S. stocks, despite another strong earnings report from Nvidia Corp (NASDAQ: NVDA), has led Michael Wilson of Morgan Stanley to suggest that this year's rally may be "exhausted" and could lead to further declines.

Wilson, one of the biggest bears on the Street this year, pointed to the market's reaction to... More