Nasdaq, S&P close higher as investors await Nvidia earnings

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The Star 4h ago

Nasdaq, S&P close higher as investors await Nvidia earnings - The Star

Quick Summary:

THE Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.

With the key holiday shopping season set to commence, results from major retailers including Walmart, Lowe's Companies and Target will be closely watched this week to gauge the strength of the U.S.consumer.

Stock indexes have shed some of the sharp gains that followed Trump's decisive victory, but Wall Street remains fairly well-placed as 2024 winds down.