Reported 13 days ago
On Tuesday, US stocks reached record highs, largely driven by a nearly 5% rally in Nvidia, despite a significant decline in consumer confidence, which logged its largest drop in over three years. Early morning economic data led to a brief dip in indexes, but the market rebounded as Nvidia's performance overshadowed concerns about consumer sentiment and the potential impact of the upcoming election and global issues. Emerging market stocks also performed well, aided by China's substantial stimulus package.
Source: YAHOO