This Week on Wall Street

Wall Street rebounded Tuesday as the S&P 500 added 0.3% to 7,677.28 and the Nasdaq Composite climbed 0.7% to 26,151.30, clawing back most of Monday's chip-driven slide, while the Dow Jones extended its win streak, up 0.3% to 53,577.40. Semiconductors led the tech rebound — Nvidia gained 2.2% and AMD jumped nearly 5% — while Financials and Healthcare also rallied and Moderna surged 12% on fresh melanoma-vaccine trial data, even as Dick's Sporting Goods cratered 27% on a disappointing earnings report. Energy was the session's clear laggard as WTI crude tumbled 3.7% to $81.86, and soft economic data — Consumer Confidence fell to 89.4, its weakest since January, and New Home Sales slid to a six-month low — pushed the 10-year Treasury yield down to 4.66%, even as Case-Shiller home prices topped estimates. That leaves the major indices roughly flat to modestly higher week-to-date heading into a pivotal Wednesday, with the Fed's preferred PCE inflation report due this morning and Nvidia's earnings landing after the closing bell — the results investors are counting on to justify AI-complex valuations ahead of new Fed Chair Kevin Warsh's Jackson Hole keynote Friday. With gold holding near $4,700 an ounce, markets are bracing for the data- and earnings-heavy back half of the week to set direction into September.