On Tuesday, August 27th, U.S. stocks ended higher, with the S&P 500 advancing and the Dow Jones hitting a record high. The gains were fueled by anticipation of Nvidia’s upcoming quarterly report, which is crucial for the AI-driven tech sector.
Investors eagerly await Nvidia’s earnings and AI insights, which could significantly impact market sentiment and shape the tech sector’s future performance.
In economic data, The S&P CoreLogic Case-Shiller home price index rose 6.5% year-over-year in June, down from 6.9% in May, while the FHFA house price index unexpectedly fell 0.1%, contrary to market expectations of a 0.2% rise.
The majority of S&P 500 sectors closed higher, led by information technology and financials. However, energy and utilities stocks declined.
The Dow Jones Industrial Average was up 0.02% and closed at 41,250.50. The S&P 500 ended the day ...
