00:00all right folks another all-time high for the s&p 500 yesterday we've pulled back a little
00:13bit here in the pre-market s&p futures down almost four tenths here in the pre-market
00:18dow futures down almost four tenths nasdaq down six tenths here today again another record all
00:25time high for the s&p 500 the dow and the nasdaq also near all-time highs and the small caps the
00:32russell um continuing its rally here uh most sectors from the s&p 500 closed on a positive
00:40note with energy information technology and communication services recording the biggest
00:45gains on tuesday however utilities and consumer staple stocks bucked the overall market trend
00:50closing the session lower this performance helped u.s stocks settle higher as the nasdaq composite
00:57gained more than 100 points during the session and the s&p 500 hit another all-time closing high
01:03meanwhile the dow jones ended near a record close there positive market drivers include an upward
01:09revision of u.s gdp growth for the second quarter to 3.3 percent this is a sharp rebound from the first
01:15quarter at uh half a percent contraction uh dollar general also reported earnings they reported better
01:24than expected second quarter results and raised its full year 25 guidance while nvidia reported upbeat
01:30earnings dollar general actually gave back its gains after reporting that better than expected earnings
01:37now investors are eyeing a fresh cue for the direction of interest rate cuts in september just ahead of
01:43the truncated week due to labor day remember no market on a monday september 1st the fed's preferred
01:49inflation gauge the personal consumer expenditures index or pce is set to land today at 8 30.
01:57meanwhile the latest in president donald trump's attempt to oust lisa cook from the federal reserve
02:02showed that the federal reserve housing finance agency director bill pulte filed a second criminal referral
02:09against her the new allegations relate to a property cook owns in cambridge massachusetts
02:14and her government ethics filings about various estate holdings finally the 10-year treasury bond yielded
02:204.23 percent and the two-year bond was at 3.63 percent
02:25you
02:29you
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