US stocks had a mixed day on Tuesday, with Nvidia leading the Nasdaq to a 1.3 percent increase while the Dow Jones Industrial Average finished down 0.8 percent. The S&P 500 closed up 0.4 percent. Investors also considered consumer confidence data, showing a slight decline in optimism about the US economy. On Friday, the Federal Reserve will release inflation data, with economists predicting a slight decrease in the annual inflation rate. Nvidia saw a 6.8 percent increase, reversing a recent decline, while Carnival and Norwegian cruise companies also saw gains. Pool Corp, however, saw an eight percent drop in its stock price after lowering its yearly guidance. Investors are focused on inflation data.
Article Source
https://www.barrons.com/news/us-stocks-finish-mixed-as-nvidia-rebound-boosts-nasdaq-cd7c8e23
Nasdaq Gets Boost from Nvidia Rebound, US Stock Market Closes with Mixed Results
