Most of Wall Street is rising on Tuesday, but another return toward Earth for Nvidia is keeping the U.S. stock market in check.
The S&P 500 edged just 0.2% higher, despite gains for the majority of stocks within the index. It’s a slowdown for the market, coming off Monday’s vigorous rebound following its first losing week in four.
The Dow Jones Industrial Average was up 483 points, or 1%, as of 2:01 p.m. Eastern time, and the Nasdaq composite was 0.2% lower. All three are still near their all-time highs but have been shaky recently.
Much of the focus was on Nvidia and other winners of the artificial-intelligence frenzy, as usual. Their sensational growth has been one of the top reasons the U.S. stock market has hit records despite a slowing job market and still-high inflation. But their prices have shot so high that critics say they look too expensive and are reminiscent of the 2000 dot-com bubble that ultimately burst and nearly halved the S&P 500
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