MRKT MATRIX: August 29, 2024

Today’s Top Stories:

• Dow rises 200 points for fresh record close, Nasdaq falls as Nvidia shares tumble (CNBC)

• ‘Nvidia Day’ Inspires Watch Parties and Memes, but the Fanfare Doesn’t Last (WSJ)

• The AI Chip Behind Nvidia’s Supersonic Stock Rally (Bloomberg)

• Nvidia Has Held Discussions About Joining OpenAI’s Funding Round (Bloomberg)

• Affirm shares surge 34% and head for best day in three years after earnings beat (CNBC)

• Best Buy stock soars on a beat and raise. We think that’s just the beginning (CNBC)

• US Economy Expands at Revised 3% Rate on Resilient Consumer (Bloomberg)

• The Fed’s preferred inflation indicator is out Friday. Here’s what to expect (CNBC)

• Bosses Are Finding Ways to Pay Workers Less (WSJ)

Today’s MRKT Call is Presented by FactSet

The Next Big Test for the Stock Market

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Thursday, August 29th.

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