S&P 500 Hits All-Time High on NVIDIA's 46.7B Revenue

U.S. stocks concluded the trading day on a positive note, with the S&P 500 Index achieving a new all-time high. The market's focus was largely on the financial results of NVIDIA, which announced a second-quarter revenue of 46.7 billion yuan. This substantial revenue figure underscores the company's strong performance in the technology sector, driven by high demand for its products, particularly in the areas of artificial intelligence and data center solutions.

The U.S. government has shifted its attention to Lockheed Martin, a prominent defense contractor. This move suggests that the company may face increased regulatory scrutiny or intervention. Lockheed Martin is a key player in the defense industry, known for its advanced military technologies and significant contributions to national security. The government's interest in the company could be driven by various factors, including concerns over cost overruns, contract compliance, or strategic considerations related to national defense.

In a significant development, Russia has imposed a new ban on the export of gasoline for automotive use. This decision is likely to have far-reaching implications for global energy markets and geopolitical dynamics. The ban could disrupt the supply of gasoline to countries that rely on Russian exports, potentially leading to shortages and price increases. Additionally, the move may be seen as a retaliatory measure in response to international sanctions or geopolitical tensions, further complicating the already complex landscape of global energy politics.