In the stock market today, indexes fell as investors awaited Nvidia's earnings report. Despite this, the Dow hit a record high, while the S&P 500 and Nasdaq rose.
In the retail sector, companies such as Foot Locker, Kohl's, and Abercrombie reported their earnings. The tech sector also saw activity, including companies like CrowdStrike and Pure Storage.
Other notable companies reporting earnings included Li Auto, Ambarella, and Super Micro. The market also paid attention to upcoming economic data, such as the PCE-Deflator, which measures consumer spending in the US.
Overall, the US economy showed stronger-than-expected growth in the second quarter. The Wall Street's focus shifted towards the potential interest rate cut by the Federal Reserve in September.
The dollar continued its recovery, oil prices rose, and gold prices saw an increase as well. Apple and HP were among the companies that experienced stock price movements.
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