• 2 months ago
The S&P 500 and Nasdaq ended 1% higher on Tuesday as investors returned to the market following a dramatic sell-off. Federal Reserve officials' comments alleviated recession concerns despite weaker-than-expected July jobs data. All three major stock indexes rose but ended significantly below their intraday highs. Traders are predicting a likely Fed rate cut in September. All major S&P 500 sectors ended higher, with real estate and financials leading gains. Nvidia's nearly 4% rise boosted the indexes.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02The S&P 500 and Nasdaq ended 1% higher on Tuesday as investors returned to the market
00:08following a dramatic sell-off.
00:10Federal Reserve officials' comments alleviated recession concerns, despite weaker-than-expected
00:15July jobs data.
00:16All three major stock indexes rose, but ended significantly below their intraday highs.
00:21Traders are predicting a likely Fed rate cut in September.
00:25All major S&P 500 sectors ended higher, with real estate and financials leading gains.
00:30NVIDIA's nearly 4% rise boosted the indexes.
00:33For all things money, visit Benzinga.com.

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