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Stock market today: US stocks hold near record highs with Nvidia front of mind

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Investors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.

US stocks held steady near record highs on Tuesday, as investors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy. S&P 500 futures were little changed after the benchmark closed just a hair short of the all-time high it scored last week. Futures on the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also hugged the flatline. Investors are looking to corporates for a cue in the absence of top-level economic data releases.

In the meantime, investors get a wave of quarterly reports from retailers to scrutinize for a steer on consumer spending and the health of the economy. 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.

 

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