Live updates: US shares slide on rate fears despite Nvidia's $US218b rally, with ASX set to follow lower

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The major US share indices have slipped as fears of higher interest rates for longer outweighed continued optimism in the tech sector over AI, which saw Nvidia's share price jump by more than 9 per cent. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The major US share indices slipped as fears of higher interest rates for longer outweighed continued optimism in the tech sector over AI, which saw Nvidia's share price jump by more than 9 per cent.

Follow the day's financial news and insights from our specialist business reporters on our live blog.That was a $US218 billion gain overnight, taking its market capitalisation to a whopping $US2.34 trillion. To give some context to that figure, it would currently take roughly a year of Australia's entire economic output to buy-out the firm at that stock price.

However, even those gains weren't enough to keep the major US stock indices in the red, as fears of higher interest rates for longer again surfaced .Teen circadian rhythms are different to the rest of us and could be key to improving their sleep and wellbeingAnalysis by Bang Xiao Is blaming migrants for the housing crisis anything more than a political stunt ahead of next year's election?

 

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