US stocks held near record highs on Tuesday, as Nvidia surpassed Microsoft to become the most valuable public company. Both the S&P 500 and Nasdaq Composite climbed in afternoon trading, up about 0.3% and 0.2%, respectively, after the benchmark index secured its 30th record close of 2024 while the tech-heavy Nasdaq aims to build on a sixth straight record close. The Dow Jones Industrial Average also moved higher, up roughly 0.1%.
Still, it wasn't all positive news after May's retail sales numbers disappointed. Government data released on Tuesday showed that retail sales increased just 0.1%, missing economist expectations, Yahoo Finance's Josh Schafer reported. Meanwhile, April's numbers were revised to show a decline. It could be a sign of more consumer strain amid high interest rates and persistently stubborn inflation.
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Stock market today: Nvidia inches higher as S&P 500, Nasdaq hold near recordsGrowing conviction for Fed rate cuts has buoyed megacap techs, injecting life into stocks more broadly.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Stock market today: S&P 500, Nasdaq hit record highs as Nvidia leads tech rallyBets on Fed rate cuts are tentatively rising as investors weigh signs of a softer labor market and cooling economy.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »