US EditionWall 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.
68 Articles
68 Articles
Sydney Morning Herald
The AgeASX set to inch up, Wall Street advances ahead of Nvidia results
US stocks edged higher in afternoon trading ahead of a highly anticipated earnings update from computer chip giant Nvidia that may provide insights into the current state and future of artificial intelligence.
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…
Hartford Courant
Wall Street edges higher as the market awaits Nvidia’s quarterly report
Stocks are edging higher on Wall Street ahead of a highly anticipated earnings update from Nvidia. Investors see Nvidia’s quarterly report as a barometer for the strength of the AI boom.
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