On Morning Brief, Brad Smith reports US stocks edge higher as Nvidia (NVDA) becomes the world’s most valuable company, fueling gains in the S&P 500 and Nasdaq. First quarter GDP is revised lower, and jobless claims rise, pointing to a cooling labor market. President Trump may announce a new Fed chair pick ahead of Powell’s term ending, but markets remain calm. Walgreens (WBA), Palantir (PLTR), JetBlue (JBLU), and Nike (NKE) are among today’s trending tickers.

Takeaways:

Nvidia becomes the world’s most valuable company as tech leads rally

Trump considers early Fed chair pick as Powell’s term nears end

The labor market shows signs of strain with higher jobless claims

Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.

Thoughts? Questions? Fan mail? Please email us at [email protected].

Brad Smith hosts Yahoo Finance's Morning Brief.

Learn more about your ad choices. Visit megaphone.fm/adchoices