S&P 500, Nasdaq close slightly higher Tuesday, lifted by Nvidia shares: Live updates
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On August 27, 2024, the S&P 500 rose 0.16% to 5,625.80; the Nasdaq Composite also gained 0.16% to 17,754.82; the Dow Jones Industrial Average increased by 9.98 points to 41,250.50, marking its second consecutive record close. Investors are anticipating Nvidia's earnings report after the market closes on August 28, which is expected to influence market trends. Nvidia shares rose 1.5% ahead of the report. Analysts predict a 25 basis point rate cut at the Federal Reserve's September 17-18 meeting. Capital Economics forecasts the S&P 500 to reach 6,000 by the end of 2024, contingent on a soft landing for the U.S. economy and a rebound in AI enthusiasm. Costco shares hit an all-time high of over $900, while Hain Celestial's stock surged 31% after exceeding earnings expectations. The Conference Board reported consumer confidence rose to 103.3 in August, with inflation expectations at 4.9%.

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https://www.cnbc.com/2024/08/26/stock-market-today-live-updates.html