Core Insights - Wall Street exhibited cautious trading with major indices showing little change as investors awaited NVIDIA Corp.'s second-quarter earnings report [1] - NVIDIA has significantly outperformed its peers, more than doubling in value since April, contributing to a rally that has driven the S&P 500 to record highs [1] Market Performance - The S&P 500 increased by 0.2% to 6,478, nearing its record high of 6,481 [2] - The Nasdaq 100 rose 0.1% to 23,550, approximately 2% below its all-time peak, while the Dow Jones gained 0.3% to 45,500, close to its record of 45,757 [3] - The Russell 2000 index climbed 0.5%, continuing its streak of relative outperformance [3] Treasury and Commodities - The 30-year Treasury yield reached 4.96%, the highest since August 1 [3] - WTI crude oil rose by 1% to $63.88, while gold remained flat at $3,395, and copper decreased by 1% to $4.40 per pound [3] Cryptocurrency - Bitcoin increased by 0.2% to $112,000, building on a previous 1.5% advance [4] Stock Movements - Major ETFs saw slight increases, with the Vanguard S&P 500 ETF up 0.2% to $594.21 and the SPDR Dow Jones Industrial Average rising 0.3% to $455.70 [8] - MongoDB Inc. experienced a significant surge of 35% after reporting strong quarterly results and raising its full-year guidance [8] - Other notable stock movements included nCino Inc. up 16% and Okta Inc. up 2.5%, while J.M. Smucker Co. fell by 6% [8] - Upcoming earnings reports include NVIDIA Corp., CrowdStrike Holdings Inc., and others [8]
S&P 500 Tests Records Ahead Nvidia Results, MongoDB Rockets: What's Moving Markets Wednesday?