Stock market today: S&P 500, Nasdaq surge to record highs on Nvidia rally, Chinese shares fall ahead of more Trump-Xi talks

Nvidia jumped 4.4 percent overnight, helping push the S&P 500 and the Nasdaq Composite to fresh record highs Asian stock markets slipped on Friday as optimism surrounding technology stocks faded, with investors turning their focus to inflation concerns that increased expectations of a U.S. interest rate hike later this year.

Stock market today: S&P 500, Nasdaq surge to record highs on Nvidia rally, Chinese shares fall ahead of more Trump-Xi talks. Nvidia jumped 4.4 percent overnight, helping push the S&P 500 and the Nasdaq Composite to fresh record highs Asian stock markets slipped on Friday as optimism surrounding technology stocks faded, with investors turning their focus to inflation concerns that increased expectations of a U.S. interest rate hike later this year. Attention remained focused on Beijing, where U.S. President Donald Trump was due to conclude his two-day state visit on Friday. Joining his delegation were Elon Musk, chief executive of Tesla, and Jensen Huang, head of chipmaker Nvidia. Nvidia jumped 4.4 percent overnight after the United States approved sales of the company’s H200 chips to Chinese firms, helping push the S&P 500 and the Nasdaq...