"Nvidia's Record Close Sends Nasdaq Soaring on CNBC Daily Open"

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Source: CNBC
"Nvidia's Record Close Sends Nasdaq Soaring on CNBC Daily Open"
Photo: CNBC
TL;DR Summary

The S&P 500 and Nasdaq Composite both rose over 1% as U.S. stocks had a strong Tuesday, while Treasury yields dipped. Stricter regulations will require all U.S. banks with at least $100 billion in assets to issue long-term debt, potentially squeezing margins for mid-sized banks. Nvidia's shares reached a record high after announcing a partnership with Google, and the chipmaker has seen a 234% rise this year, making it the best performer in the S&P 500. Despite a general economic slowdown, some parts of China's economy, including Costco and the premium market, are thriving. Grayscale's lawsuit victory against the SEC opens the door for other companies, like BlackRock and Fidelity, to create Bitcoin ETFs.

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