Nvidia Lifts Chip Stocks, S&P 500 Futures Rise
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Nvidia spurred a rally in chip stocks, lifting S&P 500 and Nasdaq futures.
- S&P 500 slipped from its record high on Tuesday as the chip rally cooled and inflation data came in hotter than expected.
- Nasdaq closed lower alongside the S&P 500, with inflation concerns and heightened Iran tensions cited as contributing factors.
Why it matters: Investors in Nvidia and other chip makers see gains, while broader equity holders face declines as inflation worries and geopolitical tension weigh on the S&P 500 and Nasdaq.
