Particle.news

Download on the App Store

S&P 500, Dow Close at Records After Nvidia Beat and Solid U.S. Data

Traders look to Friday’s PCE inflation reading to refine expectations for the Fed’s next meeting.

Overview

  • S&P 500 rose 0.32% to 6,501.86 and the Dow Jones added 0.16% to 45,636.90, with the Nasdaq up 0.53% to 21,705.16.
  • Nvidia reported $46 billion in quarterly sales, topping estimates, and its shares slipped 0.82% after caution on AI-chip demand.
  • The company’s outlook excluded China sales, underscoring uncertainty tied to U.S.–China trade and tech restrictions.
  • U.S. data showed Q2 GDP growth revised to 3.3% quarter-on-quarter and a decline in weekly initial jobless claims.
  • Fed governor Lisa Cook filed a lawsuit against President Donald Trump seeking to block an attempted removal.