Nvidia leads Wall Street rally; S&P, Dow hit new records – Stock Exchange

Nvidia leads Wall Street rally; S&P, Dow hit new records – Stock Exchange

Wall Street ended Tuesday's session with Major indices trade higher On the day that investors reacted to the latest measures approved by China Aiming to boost the national economy, the stimulus package has given strength to North American corporate stocks operating in the country.

Investors overlooked US data on consumer confidence in September, which recorded the biggest decline since August 2021. But for analysts, the report does not change the path the Fed has expected for interest rates.

The excitement in the market led to The S&P and Dow Jones hit new all-time highs during the day and at the close. the Standard & Poor's 500 It rose by 0.25% and closed the session at 5732.93 points. Higher than the record set yesterday. During the session he even touched 5,734.43 points – His record is 41 in 2024..

also The Dow Jones added 0.20% to 42,208.22 points, a new all-time high.The industrial index reached 42,281.06 points during the session, an absolute record.

Among the major market moves, Nvidia is in the spotlight.Which recorded a nearly 4% increase and affected other companies in the technology sector. Shares of Apple and Alphabet, the parent company of Google, rose 0.4%.

Shares of Estée Lauder rebounded on China’s stimulus measures, rising more than 6%. The beauty company generates nearly a third of its sales in Asia.

Visa is down about 5% with News that DUS Justice Department wants to sue over alleged 'monopoly'From the company's debit cards.

Until the end of the week New data on inflation in North America will be released.It is the personal consumption expenditures (PCE) index, which may provide further clues about the size of future interest rate cuts by the Federal Reserve.

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By Andrea Hargraves

"Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja."