Wall Street Mixed Amid Geopolitical Tensions, Ahead of Nvidia's Earnings
Stocks in the US delivered a mixed performance on Tuesday, with the S&P 500 adding 0.4% and the Nasdaq Composite gaining 1%, while the Dow Jones lost 120 points.
Markets brushed off geopolitical concerns as Russian President Vladimir Putin revised nuclear doctrine, lowering the threshold for nuclear response amid U.S.-enabled Ukrainian missile strikes inside Russia.
Nvidia led the Nasdaq's rally, climbing 4.9% ahead of its highly anticipated earnings report scheduled for Wednesday. Technology stocks performed well overall, with Tesla rising 2.1% and extending its monthly gain to 38%, its best since January 2023.
Super Micro Computer led the S&P 500, soaring 31.2%. In other notable moves, Walmart climbed 3% after posting strong earnings and raising its outlook, while Alphabet and Amazon added 1.6% and 1.4%, respectively, contributing to the tech sector's strength.
Source : Trading Economics