Dow Jones, S&P 500, Nasdaq: „Nvidia hält die Party am Laufen. Aber die Musik spielt in Jackson Hole“ – Wall Street liegt im Plus

US investors await the next market highlight this week as major Wall Street indices, including the Dow Jones, S&P 500, and Nasdaq, all gained on Tuesday. The Dow Jones climbed 0.2% to 53,569 points, the S&P 500 increased by 0.7% to close at 7,730 points, and the Nasdaq rose 1.6% to reach 26,541 points. The Nasdaq 100, which tracks 100 non-financial companies with the highest market capitalization, also rose 1.4% to 29,642 points.

Market participants are chiefly looking ahead to the Federal Reserve's meeting in Jackson Hole, which begins on Thursday. This year's three-day gathering is focused on "financial innovation." Federal Reserve Chair Kevin Warsh will deliver a speech on Friday, addressing key economic issues in the context of persistently high inflation and a recent labor market slowdown marked by layoffs.

Unlike predecessors, Warsh employs a more concise communication style and provides limited insight into his monetary policy views. Consequently, investors will closely listen and attempt to glean clues about the September interest rate decision. The number of initial unemployment benefit claims in the US fell to 203,000, below economists' expectations. The labor market remains strong, despite a weak jobs report for July. Inflation remains elevated.