The Dow Jones industrial average inched up to another record high on a mixed day of trading for Wall Street.
The Dow eked out a gain of 9 points, or less than 0.1%, while the Standard & Poor's 500 and the Nasdaq composite both rose 0.2%. Semiconductor company Nvidia, with a total market value topping $3 trillion, climbed 1.5% a day ahead of the release of its latest financial results on Wednesday. Wall Street’s mania around artificial intelligence has helped propel a 160% gain for the stock this year. The parent company of the Paramount movie studio slid 7.15% after Edgar Bronfman Jr.
Most of the companies in the S&P 500 have reported better-than-expected profit so far this reporting season. Several companies rose Tuesday as traders cheered their latest quarterly snapshots. Hain Celestial Group jumped 17.2% after the company's fiscal fourth-quarter profit topped Wall Street's estimates. Trip.com Group climbed 8.8% after its second-quarter earnings beat analysts' forecasts and the company touted strong travel demand.
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