The S&P 500 and Dow Jones set new records, despite Nvidia’s slip. Nvidia reported strong revenue, but trade war uncertainty looms. Alphabet and Broadcom saw gains. Economic data showed U.S. growth, driven by AI. Dow rose 0.16%, S&P 0.32%, Nasdaq 0.53%.

Investors await U.S. interest rate cut news. Fed’s September meeting may bring cuts. Traders see 84% odds of a cut. Federal Reserve Governor Lisa Cook filed a lawsuit against President Trump challenging her removal. Treasury yields mixed, bond markets favor rate cuts.

Oil prices rise, gold hits five-week peak. Spot gold at $3,416.14 per ounce. Brent crude settles at $68.62 a barrel, WTI crude at $64.60. The euro strengthens against the dollar, yen. European markets focus on France’s fiscal path concerns.

Read more at Yahoo Finance.: Dow, S&P 500 notch record closing highs but Nvidia shares dip, dollar weakens