The stock market didn’t get a boost from Nvidia earnings, but it didn’t need one to finish the day at record levels.
The S&P 500 rose 0.3% to hit its 20th record close of the year. The Nasdaq Composite gained 0.5%, but fell short of its 21st record close this year. The Dow Jones Industrial Average rose 72 points, or 0.2%. It marked its second record close of the year.
Gains for the major indexes came despite Nvidia trading lower for much of the day. The chip titan beat analyst expectations, but for a stock that’s soared more than 50% in the past year to top a $4 trillion market cap, a modest earnings beat isn’t always enough to keep the rally rolling.