Dow heads for fresh record, Nasdaq slides as Nvidia surrenders early gains 

An early advance for U.S. stocks fizzled on Friday as Nvidia surrendered most of its early advance while the Dow pushed further into record territory.

Fed's Cook wants 'greater confidence' inflation is slowing before backing interest-rate cuts 

Federal Reserve Gov. Lisa Cook said inflation has slowed faster than expected, but central bank officials need "greater confidence" that price pressures are returning to low pre-pandemic norms before cutting interest rates.

Goldman Sachs now sees first U.S. rate cut in June, just four in total for 2024 

Goldman expects rate cuts in June, July, September and December, followed by four more in 2025, versus just three previously.

You Say Bitcoin Is Digital Gold? Maybe It's Digital Pearls 

Almost every previously disruptive technology has ended up being disrupted. Bitcoin could be too.

Analysis: High Yields Drive Demand For Investment-Grade Bonds, Rate Cuts Likely to Boost Market 

High yields have been driving demand for investment-grade bonds and the trend should continue once central banks start cutting rates, according to Ben Lord, fund manager at M&G.

Oil Market Gets a Russian Lesson: Sell on the Sound of Cannons 

On the second anniversary of the Ukraine invasion and amid ongoing attacks on a vital energy shipping corridor, the oil price is stuck in peacetime.

Pro Take: Companies Find Pricing Power in Times of Crisis, Complicating Inflation Fight 

Companies have learned how to not only survive times of economic crises, but often to thrive, as evidenced by a march higher in corporate profits the past two and a half decades.

Markets underpricing risk of populist politics in U.S. and abroad, Summers says 

The former U.S. treasury sector said populist politics threaten to hinder global economic growth.

As Trading Frenzies Grip Penny Stocks, Criticism of Nasdaq Grows 

Bit Brother, a tiny Chinese cryptocurrency company, reached nearly 30% of U.S. stock-market volume late last year.

The Hedge Funds That Changed the Game 

Billions of dollars have poured into multimanager firms in the past few years, but few have managed to match the success of Citadel, Millennium and Point72.

(END) Dow Jones Newswires

02-23-24 1315ET