BUZZ-U.S. STOCKS ON THE MOVE-Paysafe, HUYA, Oklo

Reuters
2024.08.13 18:29
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U.S. stocks hit a two-week high on Tuesday, driven by softer producer prices data and expectations of an interest rate cut by the Federal Reserve. Top gainers included Starbucks, Nvidia, and Estee Lauder, while Chipotle, Baxter International, and EQT Corporation were among the losers. In corporate news, Tencent Music's quarterly revenue fell, while Starbucks saw a record one-day gain after hiring Chipotle's CEO. Overall, the market showed positive momentum with gains in various sectors.