U.S. Stocks Edge Higher as Chip Shares Lead Gains Ahead of Nvidia Earnings and Warsh Remarks

U.S. stocks were slightly higher on Tuesday, with the Nasdaq Composite up 0.5%, the S&P 500 up 0.2% and the Dow Jones Industrial Average little changed, according to BIT (Bit.com) market data cited by BlockBeats on Aug. 25. Chip stocks helped lead the session. Nvidia gained more than 1%, AMD and Micron each rose about 3%, and Intel climbed more than 2%. Treasury yields fell for a second straight day. The 10-year U.S. Treasury yield dropped to 4.658%. The move followed reports that the U.S. Treasury may tap about $1 trillion from its Treasury General Account for bond buybacks, a development that had pushed long-end yields lower. Investors are now focused on several upcoming catalysts. Nvidia is set to report earnings after Wednesday’s close, and the market is watching AI and semiconductor names closely. The July U.S. personal consumption expenditures (PCE) price index is also due Wednesday. Oil prices added to the backdrop. International crude fell more than 3% on Tuesday, easing some inflation concerns. Consumer stocks were weaker. Dick’s Sporting Goods plunged more than 27% after disappointing results, while Walmart fell about 1% and Target dropped about 3%. Another key event this week is Kevin Warsh’s speech at the Jackson Hole annual meeting on Friday, where traders will be looking for fresh comments on monetary policy and the interest-rate outlook.