US Stocks Reach Record Highs Amid Economic Signals

US stocks achieved new record highs on Tuesday, led by significant gains in Nvidia, despite an early dip caused by disappointing consumer confidence data. The S&P 500 closed at 5,732.93, up 0.25%, while the Dow Jones and Nasdaq also saw increases of 0.2% and 0.56%, respectively. The Conference Board reported a drop in consumer confidence to 98.7 in September, the largest decline in over three years, raising concerns about future economic growth and increasing expectations for Federal Reserve rate cuts. Nvidia’s stock rose nearly 5% after CEO Jensen Huang concluded a planned stock sale, bolstering investor confidence. Additionally, emerging markets surged following China’s announcement of its largest stimulus package since the pandemic, supporting broader market sentiment. Despite the positive market reaction, analysts remain cautious about the sustainability of Nvidia's growth amid recent sell-offs by major investors.