3 things investors need to know this week!

Welcome to our newsletter. Each week, we’ll share the top 3 things any investor needs?to know to help them stay on top of things!

S&P 500 briefly crosses 5,500 level as Nvidia surge continues: US stock indexes opened higher on Thursday with the S&P 500 (^GSPC) briefly crossing the 5,500 level for the first time ever as Nvidia (NVDA) continued a record-breaking surge that has catapulted it to the title of world's most valuable public company.

The S&P 500 gained 0.5% after the index secured its 31st record close of the year on Tuesday. The tech-heavy Nasdaq Composite (^IXIC) rose about 0.3% erasing those gains. The Dow Jones Industrial Average (^DJI) rose roughly 0.4%.

Nvidia solidifies position as world's most valuable company: Nvidia cemented its status as the world's most valuable company after the semiconductor bellwether's shares gained 2.5% to hit another record on Thursday, as partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup.

Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add nearly $84 billion to its last close market value of $3.34 trillion at the current level of $138.99.

Bank of England Revives Speculation of UK Rate Cut This Summer: The Bank of England breathed fresh life into hopes for an imminent cut in interest rates, hinting that more of its officials may be close to backing a pivot away from the highest borrowing costs in 16 years.

Investors priced in more than a 50% chance of a move in August, the first time in more than a month they’ve been so certain. The UK central bank left the key rate on hold at 5.25% on Thursday but said the decision not to ease was “finely balanced” for some of the nine members of the Monetary Policy Committee.