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US Stocks Advance Amid Economic Data and Nvidia Earnings Scrutiny
US Stocks Advance Amid Economic Data and Nvidia Earnings Scrutiny
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Wall Street edged higher as investors digested mixed signals from economic data and Nvidia's quarterly results. The Nasdaq Composite ROSE 0.5%, while the S&P 500 gained 0.2% after hitting a record high. The Dow Jones Industrial Average climbed 0.1%.
Federal Reserve Governor Lisa Cook's lawsuit against former President TRUMP underscored tensions over central bank independence. The legal challenge followed Trump's attempt to remove Cook earlier this week.
Nvidia shares initially dipped 4% after-hours on disappointing data center sales, but pared losses to 1% in early trading. CEO Jensen Huang defended the company's AI chip demand, calling it "extraordinary" despite growing bubble concerns.
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