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US stocks slipped from record highs on Wednesday as investors waited for AI bellwether Nvidia's pivotal earnings and digested minutes from the Federal Reserve's May meeting that revealed some officials were willing to hike rates if necessary.
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President Joe Biden spent his first few years in office trying to reverse a hallmark of the Trump era: Touting (and taking credit) whenever the stock market hit a new milestone.
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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.
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US stocks titled higher on Monday as the Nasdaq Composite clinched a record close buoyed by shares of Nvidia ahead of the chipmaker's highly anticipated earnings later this week.
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US stocks ticked upward Friday as the Dow Jones Industrial Average closed at 40,000 for the first time ever.
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US stocks could not reach new records on Thursday, despite the Dow Jones Industrial Average touching 40,000 for the first time ever.
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