This Week on Wall Street

Wall Street opens Thursday digesting a blowout quarter from Nvidia, which reported revenue of $96.2 billion, up 106% year-over-year, and EPS of $2.22 after Wednesday's close, sending shares roughly 4% higher to near $219 after hours as CEO Jensen Huang said AI chip demand remains 'much higher' than the company's already-bullish fiscal 2028 growth outlook. That capped a session in which the S&P 500 added 0.3% to 7,677.28, the Nasdaq Composite climbed 0.7% to 26,151.30, and the Dow Jones rose 0.3% to 53,577.40, leaving the major indices little changed to modestly higher week-to-date. Wednesday's PCE report showed the Fed's preferred inflation gauge holding at a sticky 3.3% core annual rate, matching forecasts, which helped keep the 10-year Treasury yield anchored near 4.65% even as consumer spending cooled. The Jackson Hole Economic Symposium opens today in Wyoming, with a packed earnings slate from Marvell, Best Buy, Ulta and Dollar General still ahead and gold easing to near $4,662 an ounce as WTI crude holds around $82 a barrel. All eyes now turn to Friday, when new Fed Chair Kevin Warsh delivers his first Jackson Hole keynote — the moment markets are counting on for fresh signals on the path for interest rates into September.