S&P 500 and Nasdaq Hit Record Highs, Nvidia Surges
TL;DR Summary
The S&P 500 and Nasdaq closed at record highs, driven by gains in technology stocks, as economic data suggested potential Federal Reserve rate cuts. Private payrolls data indicated easing labor market tightness, increasing the likelihood of a September rate reduction. Key performers included Nvidia, Hewlett Packard Enterprise, and CrowdStrike, while Dollar Tree saw declines.
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