Nasdaq Rises 0.75% on Tech Rebound as Nvidia Earnings and PCE Data Loom

3 articles · Updated · Detroit News · Aug 25

Wall Street's main indexes climbed Tuesday morning, with the Nasdaq up 0.75%, the S&P 500 0.38% and the Dow 0.14%, reversing part of Monday's semiconductor-led pullback.
Nvidia gained 1.4% ahead of Wednesday results, while Intel, Micron, Western Digital and AMD rose between 3.1% and 3.9%, lifting sentiment before a key test of the AI-driven rally.
That rebound comes after a bond-market rout pushed yields higher and pressured equities, while investors also weigh whether hyperscalers' AI spending and rich tech valuations can hold up.
Wednesday's PCE inflation report could reshape September rate expectations after an in-line CPI reading eased hike bets, though money markets still price one 25-basis-point Fed increase by year-end.
Outside tech, Dick's Sporting Goods plunged 22.6% after cutting annual forecasts, underscoring a more fragile backdrop as markets head toward historically weaker September trading.