Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks rebound on tech recovery ahead of Nvidia earnings, inflation data

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Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks rebound on tech recovery ahead of Nvidia earnings, inflation data LIVE BLOG US stocks rebound as investors turn to Nvidia earnings Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks closed higher as technology and chip shares recovered from a recent selloff, with Nvidia in focus ahead of its earnings. Lower oil prices and Treasury yields offered relief, while investors weighed AI spending, weak consumer confidence and the outlook for Fed policy. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: Wall Street regained ground Tuesday as technology and semiconductor stocks bounced back ahead of Nvidia's earnings, with the Nasdaq leading gains. Lower oil prices and Treasury yields eased pressure on equities, but investors remain focused on whether AI spending can sustain lofty valuations. Weak consumer confidence added to economic uncertainty, while upcoming PCE inflation data and Fed Chair Kevin Warsh's Jackson Hole speech could shape rate expectations. Show more 1 New Update US markets advanced on Tuesday powered by a bounce-back in technology shares following a recent pullback, according to a Reuters report. Market focus remains centered on upcoming quarterly earnings from artificial intelligence leader Nvidia and key inflation data that could shape future Federal Reserve policy decisions. Read more US natural gas futures ended lower on Tuesday after falling crude and European gas prices dragged down the broader energy complex. The US gas market has limited direct exposure to Iran-related supply risks, but geopolitical moves have increasingly triggered spillover trading. Losses were contained by lower production and hotter weather forecasts, which could lift demand for gas-fired power generation as air-conditioning use rises. Binance has hired two senior compliance executives from Crypto.com as it strengthens its financial crime and regulatory teams amid continued scrutiny and recent staff departures. Antonio Alvarez will become deputy to Chief Compliance Officer Noah Perlman, while Duncan DeVille will serve as global head of financial crime compliance. The hires come as Binance faces renewed scrutiny over compliance practices and client fund flows, following its $4.3 billion US settlement in 2023 over anti-money-laundering failures. Wall Street firms are continuing to launch box-spread ETFs, betting the tax-efficient strategy will survive growing scrutiny from the US Treasury. The funds use options strategies to mimic T-bill-like returns while classifying gains as capital gains, allowing investors to defer taxes. Box-spread ETFs now hold about $16 billion in assets, despite Treasury officials warning that some such strategies could be potentially abusive. Billionaire investor Stanley Druckenmiller, who mentored Treasury Secretary Scott Bessent early in his career, criticized Bessent’s plan to increase purchases of long-dated US Treasuries, arguing that policymakers should allow bond markets to reflect underlying economic and fiscal conditions. He warned that trying to suppress yields could create problems elsewhere, including weakness in the dollar. Druckenmiller’s criticism comes as 30-year Treasury yields have climbed to their highest level in nearly two decades, amid rising US debt and concerns over government spending. While Bessent says buybacks can improve liquidity and help lower borrowing costs, Druckenmiller argued they do not address the deeper forces pushing yields higher. Elon Musk's SpaceX plans to build a new spaceport in southern Louisiana, with state officials and the company announcing a potential $100 billion investment. The 125,000-acre site in Vermilion Parish would become SpaceX's fourth and largest launch facility, supporting thousands of launches a year as the company expands its reusable Starship program. Construction is expected to begin in 2027, with the first launch targeted as early as 2029. The project is expected to create about 3,000 jobs over a decade, but has raised environmental concerns over its potential impact on Louisiana's fragile coastline. SpaceX President Gwynne Shotwell said much of the site would remain undeveloped and that the company would support restoration and erosion-control efforts. The company also plans town halls and other community engagement events before construction begins. Directors at four of the Federal Reserve's 12 regional banks recommended a 25-basis-point rate increase ahead of the Fed's July meeting, minutes showed. The Dallas, Cleveland, Minneapolis and Kansas City Fed boards backed higher rates, but policymakers ultimately voted 9-3 to keep the policy rate unchanged at 3.5%-3.75%. The minutes highlight the growing debate within the central bank over inflation and interest rates. Oil prices fell about 4% on Tuesday to a one-week low as traders viewed the latest US sanctions on Iran as less threatening to supplies than a military escalation. Brent crude fell 4.1% to $88.43 a barrel, while WTI dropped 3.4% to $81.67. However, risks remain, with Iran threatening retaliation, shipping through the Strait of Hormuz at its lowest level since early May, and an oil tanker hit near Oman. Read more - Jeffrey Roach, chief economist at LPL Financial SpaceX plans to build a new Starship launch site in southern Louisiana, with construction expected to begin next year, the company said. Called Starbase, Louisiana, the facility will expand Starship operations beyond Texas and is designed to support thousands of flights annually. It will include propellant production, power generation, vehicle processing, deep-water shipping and an airport. Oil prices fell as fresh diplomatic efforts between Iran and regional powers raised hopes of an easing in the conflict and reduced fears of further disruption in the Strait of Hormuz. Brent crude fell as much as 4.3% below $89 a barrel, while WTI traded under $82. Markets also viewed new US sanctions on Iran as less severe than expected, particularly after Washington stopped short of imposing secondary sanctions on major buyers such as China. Target shares fell as much as 5% after the retailer apologized and pulled a Halloween costume criticized for resembling Blackface and minstrel imagery. The controversy has renewed scrutiny of the company's brand management as new CEO Michael Fiddelke pushes a turnaround. Analysts and shareholders said the incident could deepen concerns about Target's relationship with consumers and its merchandising controls. Anthropic is likely to tell investors that it sees its total addressable market (TAM) exceeding $30 trillion, ahead of the $28.5 trillion estimate from SpaceX , the Wall Street Journal reported on Tuesday. Read more U.S. consumer confidence fell to 89.4 in August, its lowest level since January, from a downwardly revised 90.2 in July, the Conference Board said. The decline was driven by a 7.8% drop in the expectations index as households grew more pessimistic about the labour market and business conditions. Consumers also raised their 12-month inflation expectations to 5.8% from 5.6%. - Matt Maley at Miller Tabak Boston Fed President Susan Collins said the Federal Reserve may need to raise interest rates soon unless incoming data show sustained progress on inflation. She said price pressures remain too high and concerns about elevated prices are widespread. The Fed has held its policy rate at 3.5%-3.75% since December, while investors await July PCE inflation data and Fed Chair Kevin Warsh's Jackson Hole speech. U.S. Treasuries gained on Tuesday as falling oil prices eased inflation concerns and supported the bond market. Yields fell 3 to 4 basis points across the curve, while 30-year yields have dropped about 9 basis points since Treasury Secretary Scott Bessent announced plans to at least double Treasury buybacks. Investors remain cautious, with government debt, inflation and upcoming economic data still weighing on yields. The U.S. dollar was largely unchanged on Tuesday as investors weighed expanded Iran sanctions and the Treasury's plans to increase longer-dated bond buybacks. The dollar index edged down 0.01% to 98.95, while expectations for a September Fed rate hike fell to 38.1%. Investors also tracked rising U.S.-Canada trade tensions and awaited Fed Chair Kevin Warsh's Jackson Hole speech. Nvidia announced the Jetson Orin Nano 2, a robotics computer designed for entry-level edge AI applications. The company said the Jetson Orin Nano 2 module and development kit are expected to launch in the first half of 2027. US new-home sales fell 10.5% in July to a 607,000 annualised rate, the lowest since January and below economists' expectations of 620,000. Sales have declined in three of the past four months as elevated mortgage rates and prices weigh on demand. The median sales price fell 0.9% year-on-year to $393,800, while sales in the South and Midwest dropped sharply. Builders are offering price cuts and incentives to attract buyers. - Mohit Kumar, an economist at Jefferies Bitcoin briefly climbed above $80,000 for the first time since May, rising as much as 2.9% before paring gains. The rally has been fuelled by renewed interest in the “debasement trade”, a weaker dollar following the U.S. Treasury’s bond-buyback plans and strong institutional demand. U.S.-listed spot Bitcoin ETFs attracted $1.92 billion in net inflows last week, their strongest in 10 months. However, analysts cautioned that the rally could still be driven by a short squeeze rather than the start of a new bull market. U.S. President Donald Trump said on Tuesday that all mines in the international waters of the Strait of Hormuz had been removed or detonated. He warned Iran that any ship or boat attempting to lay new mines in the strategic waterway would be destroyed. The pound held its ground near a six-month high versus the dollar on Tuesday, underpinned by expectations for interest rate hikes by the Bank of England this year, against the backdrop of concerns around sticky inflation and soaring government debt. Read more British government bond yields fell to their lowest since mid-August on Tuesday and were on track for their biggest one-day fall in three weeks after oil prices dropped as investors shrugged off the latest U.S. sanctions campaign against Iran. Read more U.S. banks posted $90.1 billion in profits in the second quarter of 2026, up 12% from the previous quarter, the FDIC said. The increase was driven by higher noninterest income, securities gains and lower provision expenses. Loan growth rose 6.8% year-on-year, while past-due and nonaccrual loans declined. Euro zone government bond yields fell from close to multi-year highs on Tuesday as oil prices declined, with traders viewing the latest U.S. sanctions against Iran as preferable to further military escalation. Read more Dick's Sporting Goods shares slumped 25.9% after the retailer reported second-quarter earnings that missed Wall Street expectations and cut its full-year outlook, with weakness at newly acquired Foot Locker weighing on the broader business. Read more Read more at: https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/dicks-sporting-goods-shares-slump-22-as-foot-locker-weakness-sparks-outlook-cut/articleshow/133514135.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at: Wall Street's main indexes opened higher on Tuesday as technology stocks recovered from the previous session's selloff ahead of AI heavyweight Nvidia's results and an inflation report key to shaping interest rate expectations. Read more European and Asian markets were broadly higher Tuesday. Germany’s DAX gained 0.8%, while France’s CAC 40 rose 0.4% and Britain’s FTSE 100 added 0.2%. Japan’s Nikkei 225 advanced 0.5%, with SoftBank Group gaining 2.3%, while South Korea’s Kospi rose 0.7%. Hong Kong’s Hang Seng was nearly flat and Shanghai gained 0.2%. Bitcoin edged higher to around $79,364, up 24% from a week earlier. Federal Reserve Chairman Kevin Warsh is scheduled to speak Friday at the annual economic symposium in Jackson Hole, Wyoming, a closely watched event for signals on monetary policy. Investors will also receive the Conference Board’s August consumer confidence report later Tuesday. The data and Warsh’s remarks could provide clues about the outlook for interest rates, economic growth and financial markets. Oil prices fell nearly 3% after US Treasury Secretary Scott Bessent announced fresh sanctions against Iran and warned that countries continuing to do business with Tehran could face retaliation. Brent crude fell $2.35 to $88.19 a barrel, while US benchmark crude dropped $2.65 to $82.36. Brent has remained well above the $72 level seen before the war with Iran began, adding to concerns over elevated costs and inflationary pressure. Trade tensions between the US and Canada escalated as Ottawa prepared retaliatory tariffs following a sharp deterioration in relations. President Donald Trump urged Canadian leaders to “fall in line” and threatened new 50% tariffs on Canadian vehicles, auto parts and steel. Prime Minister Mark Carney accused Washington of seeking to subordinate Canada and said Ottawa could shift from dollar-for-dollar tariffs toward more targeted measures designed to protect Canadian workers and businesses. Wall Street was headed for gains early Tuesday, with S&P 500 and Dow Jones Industrial Average futures each rising 0.4%, while Nasdaq futures advanced 0.8%. The move followed mixed trading on Monday, when chip and memory stocks came under renewed pressure. Investors were also preparing for Nvidia’s quarterly earnings report on Wednesday, which could influence the next move in AI-related stocks. Nvidia shares rose less than 1% in premarket trading.