Reported 5 months ago
U.S. stocks closed slightly higher on Tuesday, with the S&P 500 and Nasdaq reaching record levels as investors analyzed Federal Reserve comments for rate cut hints and awaited Nvidia's earnings. Nvidia, set to report after the bell on Wednesday, could impact the market significantly, with options pointing to a potential $200 billion market cap swing. Investors also awaited Fed meeting minutes and Fed officials' reinforcement of data-dependent rate decisions. The Dow Jones rose 0.17%, the S&P 500 gained 0.25%, and the Nasdaq increased by 0.22%, with retail and tech stocks in focus.
Source: YAHOO