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S&P 500 Hits Record High as Nvidia Earnings Fuel AI Rally; Inflation Data Awaited

S&P 500 Hits Record High as Nvidia Earnings Fuel AI Rally; Inflation Data Awaited

S&P 500 Hits Record High as Nvidia Earnings Fuel AI Rally; Inflation Data Awaited The S&P 500 surged to an unprecedented all-time high on Thursday, driven by robust market reaction to Nvidia’s latest earnings report. The broad market index, after briefly touching new intraday peaks, closed with minor changes, while the Nasdaq Composite rose 0.2% and the Dow Jones Industrial Average hovered just below the flatline. Nvidia, a significant component of the S&P 500, announced second-quarter results that surpassed Wall…

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US Inflation Report Reveals Consumer Shift: Travel Spending Dips, Goods Costs Climb

US Inflation Report Reveals Consumer Shift: Travel Spending Dips, Goods Costs Climb

US Inflation Report Reveals Consumer Shift: Travel Spending Dips, Goods Costs Climb The latest US inflation report, recently released, provides a critical insight into current economic trends, indicating a significant pullback in consumer spending on travel. This shift comes as the report simultaneously highlights a continued rise in the cost of various goods, impacting household budgets nationwide. Economic analysts are closely examining the data, which paints a picture of consumers adjusting their discretionary spending in response to persistent inflationary pressures….

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