“S&P 500 and Nasdaq Inch Higher with Boost from Nvidia: Live Updates”

The S&P 500 and Nasdaq closed slightly higher on Tuesday, with both indices being lifted by strong performance from Nvidia shares. The S&P 500 rose by 0.1%, while the Nasdaq gained 0.3% by the end of the trading day.

Investors were buoyed by Nvidia’s impressive quarterly results, which beat expectations and drove the stock price up by more than 5%. The technology sector as a whole saw gains, with other tech giants like Apple and Microsoft also posting positive numbers.

Despite ongoing concerns about inflation and interest rates, the market showed resilience as investors focused on strong corporate earnings and a robust economic recovery. The positive sentiment was also reflected in other sectors, with healthcare and consumer discretionary stocks also seeing gains.

Overall, the market closed on a positive note, with investors optimistic about the future outlook. As the economy continues to recover from the pandemic, market watchers will be keeping a close eye on upcoming earnings reports and economic data to gauge the health of the economy. Stay tuned for more updates as the market continues to evolve.