A significant earnings report is expected later this week, so investors’ attention was focused on the S&P 500 on Tuesday.
In contrast to the Nasdaq Composite, which finished 0.16% higher at 17,754.82, the broad market index increased by 0.16% to conclude at 5,625.80.
At its second consecutive record closing of 41,250.50, the Dow Jones Industrial Average increased 9.98 points, or 0.02%. Following Wednesday’s closing bell, investors will be keen to watch Nvidia’s results, which are expected to be a major benefit of AI.
Tuesday saw a 1.5% increase in shares of the company that makes graphics processing units. An important indicator of tech stocks and AI in general these days is Nvidia, and investors will be evaluating the company’s fiscal second-quarter data to see how the AI market is doing.
Source (CNBC)
