Stock Markets Soar: Nvidia Drives Nasdaq and S&P 500 to Record Highs
The Nasdaq and S&P 500 reached record highs driven by Nvidia's surge, amid a steady U.S. inflation report and notable bank earnings. Nvidia's decision to resume H20 chip sales to China boosted tech stocks, while broader market optimism countered new tariff threats and fueled optimism in trade negotiations.
On Tuesday, driven by Nvidia's notable performance, the Nasdaq and S&P 500 attained unprecedented levels, providing a strong start to the second-quarter earnings season, despite new tariff threats from President Donald Trump.
Nvidia's decision to resume H20 chip sales to China sparked a surge in tech stocks, contributing significantly to market gains. Meanwhile, inflation data remained steady, showing a 2.7% annual rise, which eased concerns about immediate rate changes.
Despite political tensions, market sentiment remained positive with advancements in trade talks. Key banking figures revealed mixed results, while BlackRock set an asset management record at $12.53 trillion, reflecting ongoing investment confidence.
(With inputs from agencies.)
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