US stocks were steady on Tuesday as investors await anticipated results from Nvidia , set for release after the bell on Wednesday. The tech-heavy Nasdaq Composite climbed back from earlier lows to hug the flatline after finishing Monday at a record high. The benchmark S&P 500 and Dow Jones Industrial Average each rose about 0.2%.
Lowe's sales dropped less than expected as cash-strapped Americans continued to spend on small repairs, while Macy's shares gained after the department store chain's earnings beat a low bar. AutoZone and Urban Outfitters are also on the docket. Investors are also listening closely to speeches from Federal Reserve officials as a dearth of economic releases starves the rate-cut debate of fuel.
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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.
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Stock market today: US stocks hold near record highs with Nvidia front of mindInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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