Asian shares decline after Nasdaq hits record high
- Asian shares mostly declined despite U.S. stock indexes finishing higher.
- Technology issues like Nvidia performed well amidst the market decline.
- Traders predict an 88% chance of the Fed cutting interest rates this year.
Australia's stock market went down a little. Investors in Asia are watching closely to see how China's economy is doing. On Monday, the stock market in the U.S. went up a bit. This is because people are hopeful that the Federal Reserve will lower interest rates to help with inflation. One company, Nvidia, has been doing really well because of its work in artificial intelligence. People are excited to see how much money Nvidia made in the last three months. Interest rates on government bonds went up a little. This means it might get more expensive for people and companies to borrow money. The Federal Reserve will talk about what they discussed in their last meeting. They decided to keep interest rates high. The price of oil went down a bit. Investors in Asia are still worried about how China's economy is doing. The stock market in the U.S. went up a bit on Monday. People are hopeful that the Federal Reserve will lower interest rates to help with inflation. Nvidia, a company that works with artificial intelligence, has been doing really well. People are excited to see how much money Nvidia made in the last three months. Interest rates on government bonds went up a little. The Federal Reserve will talk about what they discussed in their last meeting. They decided to keep interest rates high. The price of oil went down a bit.