S&P 500 rises to new record high Tuesday, posts back-to-back gains
The S&P 500 rose to a fresh record on Tuesday and largely shook off a weak consumer confidence reading, thanks to a sharp rise in Nvidia.
The broad market index advanced 0.25% to 5,732.93. The Dow Jones Industrial Average added 83.57 points, or 0.20%, to close at 42,208.22. Both indexes hit intraday all-time highs and closed at records. The Nasdaq Composite added 0.56% and ended at 18,074.52.
Shares of artificial intelligence darling Nvidia climbed nearly 4% after a regulatory filing showed that CEO Jensen Huang wrapped up his sales of the chipmaker's stock for the time being.
Consumer confidence suffered its biggest one-month decline in more than three years, hitting 98.7 for September. Economists polled by Dow Jones expected a reading of 104.
Source: CNBC