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HomeTrading RoomS&P 500 and Nasdaq Increase on Tuesday, Closing at All-Time Highs

S&P 500 and Nasdaq Increase on Tuesday, Closing at All-Time Highs

The tech-heavy Nasdaq Composite rose 0.22% at 16,832.62, the S&P 500 added 0.25% at 5,321.41, and the Dow Jones Industrial Average closed 0.17% higher at 39,872.99 on Tuesday.

Investors were expecting artificial intelligence favourite Nvidia to post another strong batch of results, and shares have surged about 92% in 2024 alone and have soared 205.1% over the past 12 months.

The stock has been at the centre of a market rally mostly driven by enthusiasm that AI will boost corporate profits.

Source (CNBC)

SourceCNBC
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