Investors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
US stocks closed in a sea of green on Tuesday with record highs for both the tech-heavy Nasdaq Composite and benchmark S&P 500 . The positive moves come as investors await heavily anticipated earnings results from Nvidia , set for release after the bell on Wednesday. The Nasdaq recovered from earlier session lows to rise about 0.2%, capping off Tuesday's trading day with another consecutive record close. The S&P 500 , which also reached a record, rose about 0.
Meantime, a wave of quarterly reports from retailers offered some insights into the state of the consumer and health of the economy. Lowe's sales dropped less than expected as cash-strapped Americans continued to spend on small repairs, while Macy's shares gained after the department store chain's earnings beat a low bar. Investors have also listened closely to speeches from Federal Reserve officials as a dearth of economic releases starves the rate-cut debate of fuel.
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