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US Equities Markets Close Mixed Tuesday as Nvidia Propels Nasdaq to Record High
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US Equities Markets Close Mixed Tuesday as Nvidia Propels Nasdaq to Record High
May 28, 2024 1:34 PM

04:07 PM EDT, 05/28/2024 (MT Newswires) -- US benchmark stock indexes ended mixed as Nvidia ( NVDA ) helped push the Nasdaq Composite to a record high, and investors focused on the macroeconomic data due in the holiday-shortened week ahead.

* Minneapolis Fed President Neel Kashkari said the probability of policymakers increasing their benchmark lending rate is "quite low, but I don't want to take anything off the table," Bloomberg News reported. "I don't think anybody has totally taken rate increases off the table," Kashkari reportedly said.

* The Federal Housing Finance Agency said US home prices ticked up 0.1% on a seasonally adjusted basis in March, following the previous month's 1.2% gain. The consensus was for a 0.5% rise in a survey compiled by Bloomberg.

* July West Texas Intermediate crude oil closed up $2.51 to $80.23 per barrel, while July Brent crude, the global benchmark, was last seen up $1.44 to $84.54.

* GameStop ( GME ) shares soared almost 25%, extending gains from late Friday following the company's announcement that it completed an offering of 45 million shares that generated $933.4 million in gross proceeds.

* Applied DNA Sciences ( APDN ) shares fell nearly 70% after the company priced a public offering of about 9.2 million units to raise around $12 million.

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