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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Nasdaq Hits a New High as Nvidia Soars

Nvidia Nasdaq MP Materials Brian Mulberry Apple TradingView Wells Fargo
Closeup of blue stock chart with red and green volume bars and a green moving average.

Stocks opened cautiously higher Tuesday as market participants took in the latest inflation data and the unofficial start of second-quarter earnings season. But enthusiasm waned as the session wore on, with two of the three main benchmarks closing in negative territory.

Ahead of the open, data from the Bureau of Labor Statistics showed the Consumer Price Index (CPI) rose 0.3% month over month in June and 2.7% year over year. This was quicker than what was seen in May but in line with economists' forecasts.

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