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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 higher by 0.16% at 5,625.80, and the Nasdaq Composite rose 0.16%, finishing the session at 17,754.82.
Asian Markets Today
Eurozone at 06:00 AM ET
Commodities at 06:00 AM ET
US Futures at 06:00 AM ET
Dow futures were up 0.01%, S&P 500 futures gained 0.06%, and Nasdaq 100 Futures rose 0.10%.
Forex at 06:00 AM ET
Photo by Pavel Bobrovskiy via Shutterstock
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