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Nvidia Earnings and Inflation Data Drive US Stock Gains

Guavy AI Editorial Team
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NVDA
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US stocks rose on Tuesday as investors positioned themselves for Nvidia's quarterly earnings and an upcoming inflation report.

The Dow Jones Industrial Average increased by 0.2%, while the S&P 500 gained 0.4% and the Nasdaq Composite advanced 0.5%

Technology shares led the sectors that rose, with consumer staples lagging behind.

Nvidia's earnings report is highly anticipated as it will provide insight into demand for artificial intelligence infrastructure.

The July personal consumption expenditures (PCE) report is also due out on Wednesday and could influence expectations for Federal Reserve policy.

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