Stock Market Live December 12: Trump to Ease Marijuana Regulation, S&P 500 (VOO) Flat
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Stock Market Live December 12: Trump to Ease Marijuana Regulation, S&P 500 (VOO) Flat
"Live Coverage Updates appear automatically as they are published. Live Updates This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) ended up gaining a modest 0.25% on Thursday, one day after the Federal Reserve cut interest rates by the expected... 0.25%. Just a coincidence, I'm sure. And it's a coincidence, too, that with zero interest rate cuts remaining in 2025, the Voo is exactly flat premarket today."
"Meanwhile in tech, Nvidia ( Nasdaq: NVDA) may increase production of its H200 artificial intelligence chip, its second-fastest AI chip, purpose-built for sale in China and subject to a 25% export tariff by the U.S. President Trump said Tuesday the U.S. will permit Nvidia to export H200 chips to China. Nvidia investors like the move, and Nvidia stock is up 0.5% premarket."
The Federal Reserve cut interest rates by 0.25%, and the Vanguard S&P 500 ETF (VOO) rose 0.25% the following day and traded flat premarket amid expectations of no further cuts in 2025. President Trump plans to reclassify marijuana as a Schedule III drug, which would ease possession and use restrictions, allow banks to service marijuana companies, and enable state regulation; an order could arrive next month with DEA regulations as soon as summer. Leading cannabis names surged premarket, and Nvidia may expand H200 chip production for China after U.S. export permission. Broadcom beat fiscal Q4 2025 estimates with $1.95 EPS and $18 billion revenue and guided fiscal Q1 2026 revenue to about $19.1 billion.
Read at 24/7 Wall St.
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