US Edition
Wall Street Edges Higher and Pushes S&P 500 to Another Record
Investors anticipate Nvidia's earnings as a key indicator for artificial intelligence growth amid steady market gains and expectations of Federal Reserve rate cuts, analysts say.
- U.S. stocks edged higher Wednesday morning ahead of Nvidia's highly anticipated quarterly report after the bell in New York.
- The Federal Reserve has held interest rates steady since late 2024 while traders now see a 90.3% chance of a rate cut at September's meeting amid concerns about inflation risks from tariffs.
- Gains in technology and financial sectors helped offset declines in health care, with Abercrombie & Fitch rising 1.7% after reporting better-than-expected second-quarter results.
- The Dow added 134 points, gaining 0.3%, while the Nasdaq increased by 0.1%. Meanwhile, Cracker Barrel’s stock jumped 8.2% after the company abandoned its controversial logo redesign following widespread backlash, including a remark from President Trump.
- The market remains near record highs set earlier this month as investors await insights from Nvidia’s report, seen as a key barometer for artificial intelligence sector strength.
104 Articles
104 Articles
Reforma
elnorte.comThe S&P 500 closes the day with an increase of 0.2%, standing at 6,481.38 points and establishing a new m ximo hist rich.
Sydney Morning Herald
ASX finishes higher on bumper results day as Qantas soars
The Australian sharemarket gained traction in the afternoon to close higher after a raft of company results, putting it on track for its fifth monthly gain when the earnings season ends on Friday.
The moderate profits inside the New York Stock Exchange prevail, while investors are waiting for Nvidia's quarterly report, the last of the seven magnificent ones to present their profits. So far, Wall Street's top indexes rise: Dow Jones earns 0.27 percent to rank at 45,544.76 points; S&P 500 rises 0.17 percent to 6,476.69 units; and Nasdaq adds 0.15 percent to the 21,576.91 integers.The top three U.S. indexes point to profits this month due to…
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