NASDAQ AND S&P 500 HIT RECORDS, FUELED BY NVIDIA

The S&P 500 and Nasdaq hit record highs on Tuesday, propelled by gains in Nvidia and other megacaps after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more "good" economic data would strengthen the case for rate cuts.

AI heavyweight Nvidia climbed 1.4%, offsetting declines in other chip stocks, leaving the S&P 500 and Nasdaq with marginal gains for the session. Microsoft dipped 1.4%, leaving the world's most valuable company with a $3.4 trillion market capitalization.

Learn More