Dow Jones Today: US Stocks Extend Gains in Recovery From Monday's Selloff; Nvidia Jumps More Than 5%

Category: Finance

Major U.S. stock indexes rose on Tuesday after significant declines, with the S&P 500 up 1.7% and Nasdaq Composite up 1.6%. Nvidia's 5% gain boosted the market, while Palantir Technologies surged over 10% after strong earnings. The Fed is expected to consider interest rate cuts soon, with traders anticipating a 73% chance of a half-point cut next month. Bitcoin rebounded to $56,000, while gold and crude oil prices showed slight changes amid geopolitical tensions.

Keywords: Stock Market, Interest Rates, Technology Stocks

Source: Investopedia

Update At: 8/6/2024

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