Stock market today: Nvidia, Nasdaq reach record highs as AI rally continues

The tech-heavy Nasdaq Composite reached a new high on Tuesday, breaching 17,000 for the first time as AI darling Nvidia continued its post-earnings tear to also reach a record of $1,140 a share. The benchmark S&P 500 finished the day just above the flatline, while the Dow Jones Industrial Average drifted about 0.6% lower, shedding more than 200 points. The major gauges are regrouping after a volatile week as traders return from the Memorial Day break.

Investors are now firmly back on inflation watch, counting down to the release of the Federal Reserve's preferred PCE gauge on Friday. Fed officials have sent out a drumbeat of warnings that data must show real cooling in inflation to trigger a policy shift, with Neel Kashkari the latest to join them. Read more: How does the labor market affect inflation? In other individual movers, GameStop stock soared nearly 25% on Tuesday.

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Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Nasdaq, S&P 500 pop as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Nasdaq, S&P 500 touch new record as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Nasdaq, S&P 500 hit new record as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Nasdaq, S&P 500 futures pop as Nvidia galvanizes stocksNvidia's blockbuster earnings have fired up optimism for AI's ability to fuel growth, eclipsing rate-hike worries for now.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »