The price of bitcoin jumped by nearly 8% and the price of Nvidia’s stock hit a new high.

The price of bitcoin jumped by nearly 8% and the price of Nvidia’s stock hit a new high.

The number of job openings and consumer confidence indexes in the U.S. fell on Tuesday. this week as an important reference for the Federal Reserve’s interest rate policy – the U.S. Commerce Department will release its Personal Consumption Expenditures (PCE) index on Thursday, and on Friday there will be the August non-agricultural job creation report. Federal Reserve Chairman Jerome Powell hinted last week that if the U.S. economy overheats, the authorities may raise interest rates again, so the strength of the economic data is the main factor influencing the Fed’s interest rate policy.

European and US equity markets

The latest economic data of the United States is not good to bring down the debt interest rate, the U.S. stock market on Tuesday repeated good, as of the close of trading, the Dow Jones Industrial Average rose 292 points, or 0.85%, to 34,852 points; U.S. Standard & Poor’s 500 Index rose by 1.45%, to 4,497 points; Nasdaq Composite Index rose by 1.74%, to 13,943 points.

In terms of individual stocks, AI giant NVIDIA Corporation (NASDAQ:NVDA) surged 4.16% to $487.84 per share, closing at a new record high, with a market capitalization of $1.2 trillion for the first time, up 234% in 2023, making it the best-performing constituent of the S&P 500. Previously, Google announced that it has partnered with NVIDIA to launch the A3 Cloud Virtual Machine, which will be accelerated by NVIDIA H100 GPUs, enabling organizations to address large-scale natural language modeling needs.

In addition, Tesla (NASDAQ:TSLA) jumped 7.69% to $257.18 per share. Tesla is facing increased scrutiny from federal regulators over the use of its Autopilot system, with investigators demanding to know whether Tesla makes it easier for drivers to take their hands off the wheel.

Best Buy (NYSE:BBY) rose 3.86% to $76.93 per share. This follows Best Buy’s excellent second-quarter results and upbeat financial guidance, with executives noting that they are optimistic that consumer electronics will stabilize and even grow next year.

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