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Nvidia Boosts Tech Sector Ahead of Fed Speech

Nvidia shares surged to a record high following a strong earnings report and sales outlook, lifting broader U.S. indexes. Meanwhile, investors awaited Federal Reserve Chair Kevin Warshs Jackson Hole address.

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FILE PHOTO: A trader works, as screens broadcast a news conference by U.S. Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City, U.S., July 29, 2026.

NVIDIA CORP shares jumped 9% to a record close on Thursday, driving the S&P 500 up 0.7% and the Nasdaq 100 up 1.6%. The surge came as blockbuster chip earnings offset broad declines across ten other market sectors. Investors weighed inflation risks ahead of Federal Reserve policy addresses.