Reported 7 months ago
US stocks closed with record highs for the Nasdaq Composite and S&P 500 as Wall Street anticipated Nvidia's earnings release, set for Wednesday after the bell. The Nasdaq rose about 0.2%, while the S&P 500 climbed around 0.3%, and the Dow Jones Industrial Average increased by roughly 0.2%. Nvidia's upcoming report is expected to have a significant impact on its stock price and broader market movement. Additionally, quarterly reports from retailers like Lowe's and Macy's provided insights into consumer spending and economic health. Fed officials have also emphasized the need for more favorable inflation data before considering rate cuts.
Source: YAHOO