XM Amerika Qoʻshma Shtatlari fuqarolariga xizmat koʻrsatmaydi.

Nvidia-led megacap charge buoys Wall Street ahead of key inflation reading



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>US STOCKS-Nvidia-led megacap charge buoys Wall Street ahead of key inflation reading</title></head><body>

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.

In a first, S&P 500 crosses 5,600 mark

TSMC up on strong Q2 revenue growth

Intuit to cut about 1,800 jobs; shares fall

Illumina rises after acquiring Fluent BioSciences

Indexes up: Dow 0.31%, S&P 0.42%, Nasdaq 0.54%

Updated at 12:15 p.m. ET/1615 GMT

By Lisa Pauline Mattackal and Ankika Biswas

July 10 (Reuters) - Wall Street rose on Wednesday, with the Nasdaq and S&P 500 again touching record highs as strength in Nvidia and other mega stocks kept investor sentiment bullish before crucial inflation data and second-quarter earnings later this week.

The S&P 500 and the Nasdaqnotched their fifth straight intraday record highs, with the benchmark index crossing the 5,600 level for the first time, as hopes for an interest-rate cut in September received a boost fromJerome Powell's statement that theU.S. was "no longer an overheated economy".

Nvidia NVDA.O jumped 2.4% to hit a nearly three-week high, whileMicron Technology MU.O, Advanced Micro Devices AMD.O and ON Semiconductor ON.O all rose more than 3% afterTaiwan Semiconductor Manufacturing Co TSM.N posted a second-quarter revenue beat.

U.S.-listed shares of the world's largest contract chip maker climbed 2.6%. The Philadelphia SE Semiconductor index .SOX touched a record high for the second straight session.

Of the so-called "Magnificent Seven" stocks,Alphabet GOOGL.O and Microsoft MSFT.O rose 0.7% and 0.2%,respectively. Apple AAPL.O also climbed 1.6% to a record high, as U.S. Treasury yields slipped.

The S&P 500 Materials Index .SPLRCM topped sectoral gainers, with nine of the 11 major S&P 500 sub-sector indexes in the green. The small-cap Russell 2000 .RUT gained 0.6%.

With just a handful of large-cap stocks supporting Wall Street's banner rally this year, participants have been wondering when other sections of the market willcatch up, leading someto call for greaterdiversification.

Federal Reserve Chair Powell said on his second day of Congressional testimony that he was not ready to conclude that inflation was moving sustainably down to 2%, although he expressed "some confidence of that".

His comments come ahead of key inflation data this week, with the Consumer Price Index due on Thursday and the Producer Price Index report on Friday.

"We expect to see continued albeit slow disinflation... and with increasing signs that the U.S. economy is slowing down, we believe that the Fed could be in a position to lower interest rates in September," said Julien Lafargue, chief market strategist at Barclays Private Bank.

Bets on a 25-basis-point rate cut by September ticked up to74%, up from around 70% on Tuesday and 45% a month ago, according to CME's FedWatch.

The second-quarter earnings season, which kicks off this week with major banks reporting onFriday, will be a key test for whether high-flying megacaps can justify expensive valuations and continue their strong runs.

At 12:15 a.m. ET, the Dow Jones Industrial Average .DJI was up 122.21 points, or 0.31%, at 39,414.18, the S&P 500 .SPX was up 23.63 points, or 0.42%, at 5,600.61, and the Nasdaq Composite .IXIC was up 99.39 points, or 0.54%, at 18,528.68.

TurboTax parent Intuit INTU.O, whichplans to lay off about 10% of its workforce, lost 4.0%.

Gene-sequencing equipment maker Illumina <ILMN.O> jumped 4.9% on plans to acquire privately held Fluent BioSciences.

Advancing issues outnumbered decliners by a 2.66-to-1 ratio on the NYSE, and by a 1.47-to-1 ratio on the Nasdaq.

The S&P index recorded 21 new 52-week highs and nine new lows, while the Nasdaq recorded 41 new highs and 91 new lows.



Reporting by Lisa Mattackal and Ankika Biswas in Bengaluru; Editing by Pooja Desai

</body></html>

Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.

Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi

Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.

Riskdan ogohlantirish: Kapitalingiz risk ostida. Kredit yordamiga ega mahsulotlar hammaga ham toʻgʻri kelmasligi mumkin. Bizning Risklardan ogohlantirishimiz bilan tanishib chiqing.