MARKET PERFORMANCE:
All major indexes closed slightly higher on Tuesday, with the S&P 500 and Nasdaq Composite each gaining 0.16%, and the Dow Jones Industrial Average rising by 0.02%. The Dow achieved its second consecutive record close.
NVIDIA’S ANTICIPATED RESULTS:
Investors are focused on Nvidia as it prepares to report its quarterly results after the bell on Wednesday. Nvidia’s market cap has surged significantly, making it a crucial stock for market sentiment. Analysts expect triple-digit growth, though at a slower pace of 112%, translating to $28.7 billion in revenue.
NFL APPROVES PRIVATE EQUITY INVESTMENTS:
NFL owners voted to allow select private equity firms to acquire up to a 10% stake in teams, with each firm able to invest in up to six teams. This decision opens the door for firms like Ares Management and Blackstone to enter the NFL.
RECORD-HIGH HOME PRICES:
The S&P CoreLogic Case-Shiller U.S. National Home Price Index reached a record high, with home prices 5.4% higher in June 2024 compared to the previous year, despite rising mortgage rates.
LEGO’S REVENUE GROWTH:
Lego reported a 13% increase in revenue for the first half of 2024, reaching approximately $4.65 billion. The company attributes this growth to strong sales across its portfolio and a successful partnership with Epic Games’ Fortnite.
All major indexes closed slightly higher on Tuesday, with the S&P 500 and Nasdaq Composite each gaining 0.16%, and the Dow Jones Industrial Average rising by 0.02%. The Dow achieved its second consecutive record close.
NVIDIA’S ANTICIPATED RESULTS:
Investors are focused on Nvidia as it prepares to report its quarterly results after the bell on Wednesday. Nvidia’s market cap has surged significantly, making it a crucial stock for market sentiment. Analysts expect triple-digit growth, though at a slower pace of 112%, translating to $28.7 billion in revenue.
NFL APPROVES PRIVATE EQUITY INVESTMENTS:
NFL owners voted to allow select private equity firms to acquire up to a 10% stake in teams, with each firm able to invest in up to six teams. This decision opens the door for firms like Ares Management and Blackstone to enter the NFL.
RECORD-HIGH HOME PRICES:
The S&P CoreLogic Case-Shiller U.S. National Home Price Index reached a record high, with home prices 5.4% higher in June 2024 compared to the previous year, despite rising mortgage rates.
LEGO’S REVENUE GROWTH:
Lego reported a 13% increase in revenue for the first half of 2024, reaching approximately $4.65 billion. The company attributes this growth to strong sales across its portfolio and a successful partnership with Epic Games’ Fortnite.