Nvidia powers S&P 500, Nasdaq to another record high ahead of $16 trillion earnings test
The S&P 500 and Nasdaq reached record highs on April 27, driven by Nvidia and Qualcomm, ahead of a $16 trillion earnings test from big tech companies. The Dow Jones fell 60 points, while oil prices remained elevated near $108 a barrel.
Wall Street's benchmark indices were cautious on April 27, with the S&P 500 and Nasdaq reaching record highs due to gains in Nvidia and Qualcomm. The Dow Jones dropped 60 points, while the S&P 500 and Nasdaq rose 0.1% and 0.2%, respectively. Investors await the Fed rate decision on Wednesday and earnings reports from Alphabet, Microsoft, Amazon, and Meta. Oil prices stayed high, with Brent above $108 a barrel, as tensions between the US and Iran continued. Goldman Sachs expects oil prices to average $90 a barrel in the fourth quarter, up from $80.
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