MARKET WRAP

Stocks rose slightly today as investors wait for Nvidia earnings tomorrow.

The S&P 500 and Nasdaq Composite were both up 0.16% while the Russell 2000 was down 0.56%.

Technology lead stocks higher on the day, with the tech sector up around 0.70%. Meanwhile energy was the worst-performer, down nearly 1%.

MRKT MATRIX: August 27, 2024

Today’s Top Stories:

• S&P 500 ticks higher as Nvidia rises ahead of earnings (CNBC)

• Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report (CNBC)

• As all eyes focus on Nvidia’s earnings, its main supplier is set to cash in if results are strong (CNBC)

• Super Micro Slips as Hindenburg Takes Aim With Short Report (Bloomberg)

• Intel board member quit after differences over chipmaker's revival plan (Reuters)

• Meta Platforms strikes geothermal energy deal to power US data centers (Reuters)

• A Popular Weight Loss Drug Is Getting a Price Cut (The New York Times)

• The IPO Market Gets Cold Feet (WSJ)

• Consumer confidence ticks up (Axios)

• Home prices hit record high in June on S&P Case-Shiller Index (CNBC)

Today’s MRKT Call is Presented by CME Group

Nvidia Earnings Preview

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, August 27th.

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