5 Things to Know Before the Stock Market Opens Wednesday
- Market Moves
All three major indices finished slightly higher on Tuesday. The S&P 500 gained 0.16% to close at 5,625.80, while the Nasdaq Composite also rose 0.16% to end at 17,754.82. The Dow Jones Industrial Average increased 0.02%, finishing at 41,250.50, marking its second consecutive record close. Stay tuned for live market updates. - Nvidia’s Big Day
Nvidia is in the spotlight as it prepares to report its quarterly results after the market closes. The stock is less than 10% from its all-time high and has seen significant volatility this year. Analysts project Nvidia will continue its impressive growth streak, with a forecasted revenue increase of 112% to $28.7 billion. Market watchers consider Nvidia the “most important stock” currently, given its impact on the broader market. - Private Equity Expansion
The NFL has approved a measure allowing private equity firms to acquire up to a 10% stake in teams. Thirty-one of the 32 franchise owners supported this move, with Bengals owner Mike Brown voting against it. Firms including Ares Management, Sixth Street Partners, and Arctos Partners, along with a consortium known as “The Avengers,” which includes Dynasty Equity and Blackstone, are set to participate. - Home Price Records
The S&P CoreLogic Case-Shiller U.S. National Home Price Index reached a new high on Tuesday. Home prices rose 5.4% year-over-year as of June, though this was a slight decrease from May’s 5.9% gain. The gap between home price growth and inflation remains wider than historical norms, with the National Index averaging 2.8% more than the Consumer Price Index. - Lego’s Resilience
Lego reported a 13% increase in revenue for the first half of the year, totaling 31 billion Danish krone (approximately $4.65 billion). The company sees strength across various product lines, including Lego Icons and Lego Creator, and its partnership with Epic Games’ Fortnite. Lego’s volume growth has rebounded, reversing last year’s trend of consumers opting for lower-priced sets.
