FTC sues to block NVIDIA's acquisition of Arm Holdings
The S&P 500 continues to trade higher by 1.5% and is on track to close above its 50-day moving average (4543). The FTC recently announced that it's suing to block NVIDIA's (NVDA 320.29, +5.93, +1.9%) $40 billion acquisition of Arm Holdings for anti-competitive reasons. NVIDA shares have pared gains but are still up 2% despite the news. WTI crude futures settled higher by 1.6%, or $1.03, to $66.64/bbl.