Nvidia built its culture around 1 principle. And it saved the company
On a chilly, overcast day in February 1993, three men huddled around a booth in a Denny's restaurant in San Jose, California. It was Jensen Huang's 30th birthday. As he and his fellow co-founders, Chris Malachowsky and Curtis Priem, signed the founding documents for their new company, they ordered Super Bird sandwiches and bottomless coffee. They chose to call their new company Nvidia, after the Latin word for envy, and decided the corporate colours would be green.
The trio of electrical engineers had every reason to be confident. Each had a stellar reputation within the electronics industry, and with $2 million in seed funding secured, they were primed for success. But the journey ahead would be far more treacherous than any of them anticipated.
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News.com.au
3 hours ago
- News.com.au
ASX tech May winners: Silicon surge sends Aussie tech sector skyward by 22pc
ASX tech rockets 22pc in May Earnings from tech's 'Magnificent 7' helped matters Elsight, Eroad, Etherstack and Yojee were notable gainers The ASX tech sector didn't just rally in May, it rocketed. Up more than 22%, it was one of the biggest monthly leaps in recent memory, outpacing every other sector on the index and riding a wave of global tailwinds that swept through Wall Street and into Martin Place. May performance by sector So what lit the rocket under Aussie tech? Well, a combo of softening US-China trade tensions, a rate cut by the RBA, and red-hot earnings from the global tech elite – all wrapped in a volatile month where every diplomatic handshake or tariff tweet sent markets bouncing. Wall Street turns silicon slick Over in the US, it was an AI-fuelled tech fest. The Nasdaq jumped 9.5% in May, its best showing since November last year. The S&P 500 had a solid 6.15% lift, and the Dow chipped in with a 4% gain. The key driver was de-escalation. Starting May 14, Washington slashed tariffs on Chinese goods from 145% to 30%. Beijing responded by trimming its own to 10%. Also, earnings from the 'Magnificent Seven' – Microsoft, Nvidia, Apple, Alphabet, Amazon, Meta, and Tesla – blew past expectations. According to FactSet, their collective Q1 earnings grew 27.7%, smashing estimates and fuelling confidence in AI, cloud, and consumer spending. But the mood wasn't all champagne and confetti. Trump reignited tariff threats by month's end, accusing China of dragging its feet on export compliance, especially around rare earths. The backpedalling stirred new worries, but not enough to undo the market's momentum. Confidence is back, at least for now. And when global investors are feeling bold, ASX tech stocks often get caught in the updraft. ASX tech winners in May Code Name Price Month % Change Market Cap 4DS 4Ds Memory Limited 0.059 97% $118,137,090 ELS Elsight Ltd 0.770 71% $139,940,732 ERD Eroad Limited 1.390 65% $260,500,778 ESK Etherstack PLC 0.440 54% $58,155,681 YOJ Yojee Limited 0.270 54% $86,413,050 360 Life360 Inc. 33.330 52% $5,806,753,611 EOS Electro Optic Sys. 1.845 51% $355,996,623 CAT Catapult Grp Int Ltd 5.850 43% $1,427,690,903 XPN Xpon Technologies 0.010 43% $4,142,532 SPX Spenda Limited 0.007 40% $32,306,508 VNL Vinyl Group Ltd 0.130 38% $163,717,420 TNE Technology One 41.060 37% $13,346,815,417 RCL Readcloud 0.135 35% $20,738,668 DCC Digitalx Limited 0.070 35% $84,253,672 W2V Way2Vatltd 0.008 33% $11,302,865 VIG Victor Group Hldgs 0.082 32% $53,482,587 GTI Gratifii 0.099 32% $33,540,151 JCS Jcurve Solutions 0.033 32% $10,901,333 AI1 Adisyn Ltd 0.066 32% $47,726,289 AD8 Audinate Group Ltd 7.950 29% $658,524,993 IKE Ikegps Group Ltd 0.920 29% $148,177,677 CGO CPT Global Limited 0.063 26% $2,639,534 SMP Smartpay Holdings 0.945 25% $227,426,856 NVU Nanoveu Limited 0.048 23% $38,578,586 OCL Objective Corp 19.230 23% $1,838,200,431 VR1 Vection Technologies 0.022 22% $38,878,882 ASV Assetvisonco 0.039 22% $28,835,101 BCC Beam Communications 0.120 21% $10,370,631 WTC Wisetech Global Ltd 107.150 21% $36,396,942,187 FL1 First Lithium Ltd 0.078 20% $6,212,981 OAK Oakridge 0.072 20% $1,943,849 MP1 Megaport Limited 13.520 18% $2,242,455,288 SP3 Specturltd 0.013 18% $4,005,952 EOL Energy One Limited 14.750 18% $462,123,149 XF1 Xref Limited 0.135 17% $29,712,118 EVS Envirosuite Ltd 0.084 17% $121,691,110 SLX Silex Systems 3.600 17% $802,416,290 BVS Bravura Solution Ltd 2.550 16% $1,143,302,705 EML EML Payments Ltd 1.130 16% $431,773,255 CDA Codan Limited 18.000 14% $3,237,408,113 DTI DTI Group Ltd 0.007 14% $3,139,860 RDY Readytech Holdings 2.380 13% $290,693,379 OLL Openlearning 0.017 13% $8,205,469 AXE Archer Materials 0.300 13% $76,454,104 ID8 Identitii Limited 0.009 13% $7,002,122 XRO Xero Ltd 184.290 12% $28,534,797,978 RUL Rpmglobal Hldgs Ltd 3.070 12% $686,816,448 HCL Highcom Ltd 0.200 11% $20,536,534 BEO Beonic Ltd 0.200 11% $14,172,202 NXT Nextdc Limited 13.110 11% $8,415,067,423 SNS Sensen Networks Ltd 0.031 11% $24,584,162 SMN Structural Monitor. 0.430 10% $66,394,171 RKT Rocketdna Ltd. 0.011 10% $10,070,756 ZMM Zimi Ltd 0.011 10% $4,702,982 TYR Tyro Payments 0.885 10% $467,587,600 AR9 Archtis Limited 0.070 9% $20,157,701 DUG DUG Tech 1.120 9% $150,816,513 IRE IRESS Limited 8.660 9% $1,608,257,371 ROC Rocketboots 0.088 9% $12,815,075 KYP Kinatico Ltd 0.195 8% $84,257,937 SEN Senetas Corporation 0.020 8% $33,120,382 5GN 5G Networks Limited 0.140 8% $41,697,847 COS Cosol Limited 0.785 8% $142,861,205 ODA Orcoda Limited 0.079 7% $14,813,623 IRI Integrated Research 0.440 6% $78,035,192 FCL Fineos Corp Hold PLC 2.320 6% $785,319,223 DXN DXN Limited 0.036 6% $10,753,331 VGL Vista Group Int Ltd 3.470 6% $828,755,302 GTK Gentrack Group Ltd 11.390 5% $1,170,937,010 QOR Qoria Limited 0.415 5% $542,232,890 FLX Felix Group 0.210 5% $42,944,940 XYZ Block Inc 96.510 5% $5,298,308,114 UBN Ltd 0.840 4% $66,058,362 LVE Love Group Global 0.125 4% $5,066,771 ASB Austal Limited 5.520 4% $2,274,372,238 PHX Pharmx Technologies 0.080 4% $47,880,543 PPK PPK Group Limited 0.315 3% $28,605,937 WBT Weebit Nano Ltd 1.820 3% $419,949,381 OEC Orbital Corp Limited 0.092 2% $14,994,954 RKN Reckon Limited 0.490 2% $55,514,468 DTL Data#3 Limited 7.430 2% $1,158,714,331 NXL Nuix Limited 2.480 2% $813,603,994 DSE Dropsuite Ltd 5.880 1% $418,227,407 PRO Prophecy Internation 0.430 1% $31,712,042 Making news for the right reasons or just hitting milestones, here were some of the month's notable gainers… Elsight (ASX:ELS) Elsight's share price ripped higher in May after it secured a second major contract from a European defence drone maker, worth US$5.35m on top of an earlier US$4.28m deal announced in April. That brings the customer's total commitment to US$9.63m, with all units set for delivery this year. Elsight's Halo tech is being embedded into defence drone programs, and more than US$1m of the April order has already been delivered and booked as revenue. On top of that, Elsight was selected by Northrop Grumman for a prestigious US defence accelerator, just 8 companies chosen from over 225 applicants. That program gives it direct access to Northrop's tech and procurement teams, and a fast-track to potential US DoD contracts. Eroad (ASX:ERD) Transport tech firm Eroad surged after delivering a strong FY25 result and setting upbeat guidance for the year ahead. It flipped to a profit, pulled in NZ$16m in free cash flow (a huge jump from NZ$1.3m last year), and saw revenue climb to NZ$194.4m, up nearly 7%. Annual recurring revenue (ARR) also rose to NZ$175.1m. But it was the outlook that really got investors paying attention. Eroad is guiding to FY26 revenue of at least NZ$205m, and ARR of at least NZ$188m, with free cash flow yield of 8–10%. It's also targeting medium-term ARR growth of 11–13%. Etherstack (ASX:ESK) Radio tech firm Etherstack popped in May after locking in a record US$7m in cash receipts for the first half of FY25, its strongest half-year since listing. Most of that came from project revenue already delivered, and it reckons H1 revenue alone could beat all of last year's full result. It's also flagged more big deals likely coming soon from long-term clients, and its recurring revenue from support and 'comms-as-a-service' is steadily growing. All up, investors saw strong cash, solid outlook, and momentum. Yojee (ASX:YOJ) Logistics tech minnow Yojee surged in May off the back of two big catalysts. First, it presented at the IFCBAA national freight conference, putting its next-gen freight forwarding software in front of key industry players. Second, WiseTech's massive $2.1bn acquisition of E2open lit a fire under the whole sector, showing just how hot logistics tech is right now. Yojee's building its own momentum too, with an AI assistant baked into its platform, and a pilot deal with global player Röhlig Logistics kicking off in Singapore. All up, investors saw a small-cap riding a big wave, and jumped on board. ASX tech losers in May Code Name Price Month % Change Market Cap DUB Dubber Corp Ltd 0.016 -61% $41,973,880 1TT Thrive Tribe Tech 0.001 -50% $2,031,723 DTZ Dotz Nano Ltd 0.048 -36% $28,323,086 BLG Bluglass Limited 0.011 -31% $22,198,234 FCT Firstwave Cloud Tech 0.013 -28% $22,275,743 OPL Opyl Limited 0.019 -27% $4,464,398 EIQ Echoiq Ltd 0.245 -26% $158,070,989 SIS Simble Solutions 0.003 -25% $2,628,991 BRN Brainchip Ltd 0.205 -24% $435,534,473 SKO Serko 2.720 -22% $338,912,408 SPA Spacetalk Ltd 0.160 -22% $12,395,156 DWG Dataworks Group 0.130 -21% $13,289,126 HTG Harvest Tech Grp Ltd 0.016 -20% $14,335,148 KNO Knosys Limited 0.035 -19% $7,564,854 NOV Novatti Group Ltd 0.022 -19% $11,950,156 RWL Rubicon Water 0.210 -18% $50,545,971 FBR FBR Ltd 0.005 -17% $28,447,261 NOR Norwood Systems Ltd. 0.020 -17% $10,318,553 JAN Janison Edu Group 0.140 -15% $36,384,355 IFG Infocusgroup Hldltd 0.006 -14% $1,574,561 NVQ Noviqtech Limited 0.027 -13% $6,791,487 HYD Hydrix Limited 0.014 -13% $3,818,764 EPX Ept Global Limited 0.023 -12% $15,150,929 AJX Alexium Int Group 0.008 -11% $12,691,429 8CO 8Common Limited 0.016 -11% $3,585,518 IOD Iodm Limited 0.130 -10% $77,070,523 CYB Aucyber Limited 0.080 -10% $16,751,735 3DP Pointerra Limited 0.055 -8% $44,279,224 ACE Acusensus Limited 0.970 -8% $135,825,086 CF1 Complii Fintech Ltd 0.025 -7% $14,284,841 ICE Icetana Limited 0.014 -7% $6,133,997 MX1 Micro-X Limited 0.056 -7% $37,363,326 WHK Whitehawk Limited 0.014 -7% $10,378,849 XRG Xreality Group Ltd 0.030 -6% $19,906,426 SOR Strategic Elements 0.032 -6% $15,236,274 HSN Hansen Technologies 5.100 -6% $1,047,697,081 AT1 Atomo Diagnostics 0.017 -6% $11,321,179 X2M X2M Connect Limited 0.019 -5% $7,375,455 TZL TZ Limited 0.059 -5% $16,556,232 BDT Birddog 0.047 -4% $7,589,843 CXZ Connexion Mobility 0.026 -4% $21,216,424 CML Connected Minerals 0.130 -4% $5,376,568 IFM Infomedia Ltd 1.210 -2% $471,132,514 AVA AVA Risk Group Ltd 0.103 -2% $30,499,563 DDR Dicker Data Limited 8.230 -2% $1,473,911,938 CCR Credit Clear 0.230 -2% $97,669,188 PPS Praemium Limited 0.730 -2% $348,732,077 DRO Droneshield Limited 1.315 -2% $1,127,576,305 ATA Atturralimited 0.860 -2% $328,224,812 CPU Computershare Ltd 40.220 -1% $23,657,729,209
AU Financial Review
7 hours ago
- AU Financial Review
Nvidia's $1.5 trillion rally has traders primed for more
Nvidia shares have staged a $US1 trillion ($1.5 trillion) rebound in two months — and investors are betting the rally has further to go as fears about the chipmaker give way to optimism. Last week's earnings report assuaged some key investor concerns: particularly whether US restrictions on the sales of advanced semiconductors in China would derail Nvidia's rapid revenue growth as well as the outlook for artificial intelligence spending, and the firm's ability to expand supply of its newest Blackwell chips.
The Advertiser
8 hours ago
- The Advertiser
Chip stocks lift Wall St as investors await trade talks
US stock indexes have edged higher, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on tariff plans. US President Donald Trump and Chinese leader Xi Jinping are set to speak this week, the White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. Trump's administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. Trump said last week he planned to double tariffs on imported steel and aluminium to 50 per cent starting on Wednesday, fuelling fresh concerns among investors and hampering global stocks as they approached record highs. A softening of Trump's harsh trade stance allowed a recovery in risky assets in May, with the benchmark S&P 500 and the tech-heavy Nasdaq posting their biggest monthly percentage gain since November 2023. The S&P 500 remains less than 4.0 per cent away from its record peak touched in February. "The markets are still trading with a decent level of uncertainty because they're not sure how everything's going to turn out," said Chris Zaccarelli, chief investment officer at Northlight Asset Management. "Having a best and final offer deadline and a framework to move forward should be positive for the markets." In early trading on Tuesday, the Dow Jones Industrial Average rose 10.40 points, or 0.02 per cent, to 42,315.12, the S&P 500 gained 10.39 points, or 0.17 per cent, to 5,946.18 and the Nasdaq Composite gained 87.28 points, or 0.46 per cent, to 19,330.74. Six of the 11 major S&P 500 sub-sectors fell. Communication services declined the most with a nearly 0.7 per cent fall. On the flip side, information technology stocks led gains with a 0.8 per cent rise, helped by a 2.7 per cent rise in Nvidia. Chipmaker Broadcom rose 2.1 per cent ahead of its results later this week. Constellation Energy rose 2.9 per cent after Meta Platforms said it had struck a power agreement with the utility's nuclear plant. It lifted other nuclear stocks such as Vistra Corp, up 4.4 per cent, GE Vernova, up 1.8 per cent, and NuScale Power, up 2.1 per cent. A US Labor Department report showed job openings increased in April but lay-offs picked up, signalling a slowing labour market as tariffs impact the economic outlook. Central bank officials including Fed Board governor Lisa Cook, Chicago Fed president Austan Goolsbee and Dallas president Lorie Logan are due to speak through the day. Monthly jobs data on Friday will offer more signs on how trade uncertainty is affecting the world's biggest economy. Pinterest rose 4.7 per cent after JPMorgan raised its rating to "overweight" from "neutral". Dollar General jumped 12.9 per cent as the discount retailer raised its annual sales forecast after surpassing quarterly sales expectations. Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE and by a 1.67-to-1 ratio on the Nasdaq. The S&P 500 posted 24 new 52-week highs and 4 new lows while the Nasdaq Composite recorded 66 new highs and 41 new lows. US stock indexes have edged higher, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on tariff plans. US President Donald Trump and Chinese leader Xi Jinping are set to speak this week, the White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. Trump's administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. Trump said last week he planned to double tariffs on imported steel and aluminium to 50 per cent starting on Wednesday, fuelling fresh concerns among investors and hampering global stocks as they approached record highs. A softening of Trump's harsh trade stance allowed a recovery in risky assets in May, with the benchmark S&P 500 and the tech-heavy Nasdaq posting their biggest monthly percentage gain since November 2023. The S&P 500 remains less than 4.0 per cent away from its record peak touched in February. "The markets are still trading with a decent level of uncertainty because they're not sure how everything's going to turn out," said Chris Zaccarelli, chief investment officer at Northlight Asset Management. "Having a best and final offer deadline and a framework to move forward should be positive for the markets." In early trading on Tuesday, the Dow Jones Industrial Average rose 10.40 points, or 0.02 per cent, to 42,315.12, the S&P 500 gained 10.39 points, or 0.17 per cent, to 5,946.18 and the Nasdaq Composite gained 87.28 points, or 0.46 per cent, to 19,330.74. Six of the 11 major S&P 500 sub-sectors fell. Communication services declined the most with a nearly 0.7 per cent fall. On the flip side, information technology stocks led gains with a 0.8 per cent rise, helped by a 2.7 per cent rise in Nvidia. Chipmaker Broadcom rose 2.1 per cent ahead of its results later this week. Constellation Energy rose 2.9 per cent after Meta Platforms said it had struck a power agreement with the utility's nuclear plant. It lifted other nuclear stocks such as Vistra Corp, up 4.4 per cent, GE Vernova, up 1.8 per cent, and NuScale Power, up 2.1 per cent. A US Labor Department report showed job openings increased in April but lay-offs picked up, signalling a slowing labour market as tariffs impact the economic outlook. Central bank officials including Fed Board governor Lisa Cook, Chicago Fed president Austan Goolsbee and Dallas president Lorie Logan are due to speak through the day. Monthly jobs data on Friday will offer more signs on how trade uncertainty is affecting the world's biggest economy. Pinterest rose 4.7 per cent after JPMorgan raised its rating to "overweight" from "neutral". Dollar General jumped 12.9 per cent as the discount retailer raised its annual sales forecast after surpassing quarterly sales expectations. Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE and by a 1.67-to-1 ratio on the Nasdaq. The S&P 500 posted 24 new 52-week highs and 4 new lows while the Nasdaq Composite recorded 66 new highs and 41 new lows. US stock indexes have edged higher, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on tariff plans. US President Donald Trump and Chinese leader Xi Jinping are set to speak this week, the White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. Trump's administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. Trump said last week he planned to double tariffs on imported steel and aluminium to 50 per cent starting on Wednesday, fuelling fresh concerns among investors and hampering global stocks as they approached record highs. A softening of Trump's harsh trade stance allowed a recovery in risky assets in May, with the benchmark S&P 500 and the tech-heavy Nasdaq posting their biggest monthly percentage gain since November 2023. The S&P 500 remains less than 4.0 per cent away from its record peak touched in February. "The markets are still trading with a decent level of uncertainty because they're not sure how everything's going to turn out," said Chris Zaccarelli, chief investment officer at Northlight Asset Management. "Having a best and final offer deadline and a framework to move forward should be positive for the markets." In early trading on Tuesday, the Dow Jones Industrial Average rose 10.40 points, or 0.02 per cent, to 42,315.12, the S&P 500 gained 10.39 points, or 0.17 per cent, to 5,946.18 and the Nasdaq Composite gained 87.28 points, or 0.46 per cent, to 19,330.74. Six of the 11 major S&P 500 sub-sectors fell. Communication services declined the most with a nearly 0.7 per cent fall. On the flip side, information technology stocks led gains with a 0.8 per cent rise, helped by a 2.7 per cent rise in Nvidia. Chipmaker Broadcom rose 2.1 per cent ahead of its results later this week. Constellation Energy rose 2.9 per cent after Meta Platforms said it had struck a power agreement with the utility's nuclear plant. It lifted other nuclear stocks such as Vistra Corp, up 4.4 per cent, GE Vernova, up 1.8 per cent, and NuScale Power, up 2.1 per cent. A US Labor Department report showed job openings increased in April but lay-offs picked up, signalling a slowing labour market as tariffs impact the economic outlook. Central bank officials including Fed Board governor Lisa Cook, Chicago Fed president Austan Goolsbee and Dallas president Lorie Logan are due to speak through the day. Monthly jobs data on Friday will offer more signs on how trade uncertainty is affecting the world's biggest economy. Pinterest rose 4.7 per cent after JPMorgan raised its rating to "overweight" from "neutral". Dollar General jumped 12.9 per cent as the discount retailer raised its annual sales forecast after surpassing quarterly sales expectations. Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE and by a 1.67-to-1 ratio on the Nasdaq. The S&P 500 posted 24 new 52-week highs and 4 new lows while the Nasdaq Composite recorded 66 new highs and 41 new lows. US stock indexes have edged higher, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on tariff plans. US President Donald Trump and Chinese leader Xi Jinping are set to speak this week, the White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. Trump's administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. Trump said last week he planned to double tariffs on imported steel and aluminium to 50 per cent starting on Wednesday, fuelling fresh concerns among investors and hampering global stocks as they approached record highs. A softening of Trump's harsh trade stance allowed a recovery in risky assets in May, with the benchmark S&P 500 and the tech-heavy Nasdaq posting their biggest monthly percentage gain since November 2023. The S&P 500 remains less than 4.0 per cent away from its record peak touched in February. "The markets are still trading with a decent level of uncertainty because they're not sure how everything's going to turn out," said Chris Zaccarelli, chief investment officer at Northlight Asset Management. "Having a best and final offer deadline and a framework to move forward should be positive for the markets." In early trading on Tuesday, the Dow Jones Industrial Average rose 10.40 points, or 0.02 per cent, to 42,315.12, the S&P 500 gained 10.39 points, or 0.17 per cent, to 5,946.18 and the Nasdaq Composite gained 87.28 points, or 0.46 per cent, to 19,330.74. Six of the 11 major S&P 500 sub-sectors fell. Communication services declined the most with a nearly 0.7 per cent fall. On the flip side, information technology stocks led gains with a 0.8 per cent rise, helped by a 2.7 per cent rise in Nvidia. Chipmaker Broadcom rose 2.1 per cent ahead of its results later this week. Constellation Energy rose 2.9 per cent after Meta Platforms said it had struck a power agreement with the utility's nuclear plant. It lifted other nuclear stocks such as Vistra Corp, up 4.4 per cent, GE Vernova, up 1.8 per cent, and NuScale Power, up 2.1 per cent. A US Labor Department report showed job openings increased in April but lay-offs picked up, signalling a slowing labour market as tariffs impact the economic outlook. Central bank officials including Fed Board governor Lisa Cook, Chicago Fed president Austan Goolsbee and Dallas president Lorie Logan are due to speak through the day. Monthly jobs data on Friday will offer more signs on how trade uncertainty is affecting the world's biggest economy. Pinterest rose 4.7 per cent after JPMorgan raised its rating to "overweight" from "neutral". Dollar General jumped 12.9 per cent as the discount retailer raised its annual sales forecast after surpassing quarterly sales expectations. Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE and by a 1.67-to-1 ratio on the Nasdaq. The S&P 500 posted 24 new 52-week highs and 4 new lows while the Nasdaq Composite recorded 66 new highs and 41 new lows.
