Stock market today: Dow ekes out another record as investors await Nvidia earnings

US stocks saw choppy trading action on Tuesday but the Dow was able to eke out another record close as investors tread carefully on the eve of Nvidia's potentially market-moving earnings report. The Dow Jones Industrial Average finished the day just above the flatline to claim another back-to-back record high. The benchmark S&P 500 and tech-heavy Nasdaq Composite each closed up around 0.2%.

Semiconductor stocks lost ground on Tuesday alongside a 1% drop for the AI darling, a sign of how Nvidia's report could ripple through techs as it tests the AI trade that has driven gains. At the same time, investors are counting down to a crucial update to the inflation gauge favored by the Federal Reserve. Chair Jerome Powell's clear message that an interest rate cut is imminent confirmed widespread confidence in a policy pivot in September.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: US stocks tread water with Nvidia, rate cuts in focusStocks are struggling to find a footing as Nvidia's high-stakes earnings loom.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks diverge as rate-cut bets shift, with Nvidia on horizonStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally after Fed decision, Nvidia surgesA tech revival is helping lift stocks, as investors digest the Federal Reserve's decision to hold interest rates steady.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed decision as Nvidia surgesA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock surges as chip stocks lead market reboundNvidia shares rallied Thursday with the broader markets after an attempted rebound
Source: YahooFinanceCA - 🏆 47. / 63 Read more »