Nvidia Propels Nasdaq to Record High Amid Inflation Concerns and Bank Earnings
12 Sources
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Nvidia powers Nasdaq to fresh record, as inflation and earnings data weigh elsewhere
July 15 (Reuters) - The Nasdaq Composite (.IXIC), opens new tab advanced to its latest record high on Tuesday, powered by a jump in heavyweight Nvidia's shares, while the other Wall Street benchmarks were sluggish as traders digested a key inflation report and a flurry of bank earnings. Should
[2]
Nvidia makes history with $4 trillion market cap while markets brush off tariff worries
The S&P 500 rose 0.6%. The tech-heavy Nasdaq climbed 0.9%. While the Dow Jones ticked up 218 points, good for a 0.5% increase, after taking the worst of the two-day slump. Traders seemed to ignore this latest round of tariff news -- a stark contrast to their reaction in April when President Donald
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Nasdaq ends at another record high on Nvidia's China chip cheer
Nasdaq achieved a record close, driven by Nvidia's stock surge. Other Wall Street indices faced declines. A key inflation report and bank earnings announcements occurred. Consumer prices saw a significant increase. Banking stocks experienced volatility. JPMorgan Chase's outlook improved. Wells
[4]
S&P 500, Nasdaq poised to climb after inflation data; focus on bank earnings
(Reuters) - The Nasdaq and the S&P 500 were poised for a higher open on Tuesday after fresh inflation data, while banking heavyweights kicked off the second-quarter earnings season. A Labor Department report showed U.S. consumer prices rose as expected on a monthly basis in June. Annually, the
[5]
S&P 500, Nasdaq touch record highs as Nvidia jumps; data, bank results in focus
(Reuters) - The Nasdaq and the S&P 500 crept up to new record highs on Tuesday on the back of gains in Nvidia, while investors assessed a largely in-line inflation report and bank results that kicked off the second-quarter earnings season. A Labor Department report showed U.S. consumer prices rose
[6]
Nvidia powers Nasdaq to record high; S&P 500 lags as data, earnings parsed
(Reuters) -The Nasdaq cruised to a fresh record high on Tuesday, powered by a jump in Nvidia, while the S&P 500 hovered below its peak, as investors digested an inflation report and a flurry of major bank earnings. U.S. consumer prices posted their biggest jump in five months in June, hinting that
[7]
Nvidia powers Nasdaq to fresh record, as inflation and earnings data weigh elsewhere
(Reuters) -The Nasdaq Composite advanced to its latest record high on Tuesday, powered by a jump in heavyweight Nvidia's shares, while the other Wall Street benchmarks were sluggish as traders digested a key inflation report and a flurry of bank earnings. Should gains on the Nasdaq hold, it would
[8]
Wall Street digests Fed minutes with tariffs in focus, Nvidia hits $4 trillion valuation
(Reuters) -The S&P 500 extended gains slightly on Wednesday following the release of minutes from the last Federal Reserve meeting, after Nvidia briefly reached a $4 trillion valuation and as investors awaited more details on President Donald Trump's trade policy. The minutes showed narrow support
[9]
S&P 500, Nasdaq post record closes, Nvidia closing valuation $4 trillion
NEW YORK (Reuters) -The S&P 500 and Nasdaq registered record closing highs on Thursday, and Nvidia's market value closed above $4 trillion for the first time, while the Brazilian real recovered some losses following U.S. President Donald Trump's announcement of a 50% tariff on the country's
[10]
Nasdaq, S&P 500 futures gain ground with earnings, inflation in spotlight
(Reuters) -Futures tracking the Nasdaq and the S&P 500 edged higher on Tuesday as investors geared up for earnings from major Wall Street lenders as well as inflation data that could sway expectations around how soon the Federal Reserve will cut interest rates. At 5:32 a.m. ET, Dow E-minis were
[11]
Nasdaq ends at another record high on Nvidia's China chip cheer
(Reuters) -The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors. It was the fourth session in five that
[12]
Nasdaq posts latest record close on Nvidia's China chip cheer
(Reuters) -The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks ended lower as a key inflation report and a flurry of bank earnings failed to excite investors. It was the fourth session in five
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Nvidia's plan to resume AI chip sales to China drives tech stocks, pushing Nasdaq to a new record. Meanwhile, inflation data and mixed bank earnings create market volatility.
Nvidia Drives Nasdaq to New Heights
The Nasdaq Composite reached a fresh record high on Tuesday, primarily driven by a surge in Nvidia's stock price. The tech giant's shares jumped 4% after announcing plans to resume sales of its H20 AI chip to China
1
. This news not only boosted Nvidia but also lifted other chipmakers, with Advanced Micro Devices and Super Micro Computer both gaining over 6.4%3
.
Source: Market Screener
The semiconductor index advanced 1.3% to its highest point in a year, while the S&P technology index climbed by the same percentage to hit a record high
3
. This marks the fourth session in five that the Nasdaq has posted a record close, and the eighth time since June 271
.Inflation Data and Market Response
A key inflation report released on Tuesday showed U.S. consumer prices posted their biggest jump in five months in June. The Labor Department report indicated that prices rose 2.7% annually, slightly higher than the estimated 2.6%
4
. However, core inflation, which excludes volatile food and energy components, remained moderate1
.The inflation data had a mixed impact on market sentiment. While it hinted at potential inflationary pressures due to tariffs, the underlying inflation stayed moderate, offering some reassurance to investors
1
. The odds of a July rate cut have almost disappeared, while the probability of a September rate cut dipped to around 56% following the inflation report5
.Bank Earnings and Market Volatility
The second-quarter earnings season kicked off with major financial institutions reporting mixed results. JPMorgan Chase slipped 0.7% despite raising its 2025 net interest income outlook
1
. Wells Fargo fell 5.5% even as its profit rose on reduced loan-loss reserves3
. BlackRock reached a new milestone with $12.53 trillion in assets under management, yet its shares declined by 5.9%3
.Citigroup, however, bucked the trend with a 3.7% climb to its highest finish since the global financial crisis, after its traders delivered a windfall that boosted second-quarter profit
3
. The KBW Bank Index sank to a two-week low, down 1.1%1
.Related Stories
Market Sentiment and Global Trade
Despite recent volatility, markets have been generally buoyant in recent weeks. Investor concerns about the U.S. economy being tarnished by President Donald Trump's policies, including major tariff announcements, have started to abate
1
. This improving sentiment has allowed Wall Street to move higher.However, new tariff threats have emerged, with President Trump sending "tariff letters" to seven new countries, including the Philippines, Moldova, and Brunei
2
. Despite these developments, markets have largely brushed off the rhetoric, focusing instead on potential breakthroughs in negotiations with U.S. trade partners5
.Nvidia's Milestone
Source: Fortune
In a historic moment for the tech industry, Nvidia became the first company to reach a $4 trillion market capitalization. The company's shares rose 1.8% on Wednesday, hitting a share price of $162.86
2
. This milestone cements Nvidia's position as the poster child for the AI market rally that has led the S&P 500 to back-to-back years of more than 20% growth2
.As markets continue to navigate through earnings season, inflation concerns, and global trade tensions, all eyes remain on tech giants like Nvidia and the potential impact of AI on various sectors of the economy.
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