• A choppy trading week but every index closed in the green. The Dow Jones Industrial Average finished the day just above the flatline to claim another back-to-back record high. The benchmark S&P 500 and tech-heavy Nasdaq Composite each closed up around 0.2%.
• More bleak job data released. Labor demand continues to cool according to new data released from the Conference Board on Tuesday. The latest consumer confidence index reading from the Conference Board showed an uptick in confidence in August, to 103.3 from 101.9 in July.
• U.S. home prices hit record high. The S&P CoreLogic Case-Shiller National Home Price Index increased 0.2% over the prior month in June on a seasonally adjusted basis, less than the 0.3% rise seen in May but marking a fifth straight monthly increase and an all-time high for the index.
• Paramount stock plummets. Shares of PARA fell over 7% on Tuesday after the company announced the official end of its "go-shop" period, as billionaire Edgar Bronfman Jr. left the race to purchase the company earlier in the week. 
• Self-driving truck company TuSimple settles fraud lawsuit. This week the company reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety record and concealing three insiders' control of a Chinese trucking rival.
• Investors are embracing for Nvidia's earnings report today. Chipmaker Nvidia's high-stakes results have investors on their toes as the company is starting to look like it may be the next Apple. The company's results could sway the market today.

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“Don’t sleep on Nvidia’s earnings, [which are] a consistent driver of the S&P 500 returns and still a risk to markets if they disappoint."

-A team of BofA Global analysts led by Gonzalo Asis

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Most Active Stocks

• Nvidia (NVDA)
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In the Spotlight

Nordstrom Shares Move Higher as Q2 Revenue Sees a Boost 
On Tuesday Nordstrom reported a better-than-expected growth in second-quarter sales. The growth was helped by the company's crucial Anniversary Sale event. Shares went up 11% in extended trading. The upmarket department store chain also revised its annual comparable sales forecast, raising the lower end to a range of flat to 2% growth, up from its previous projection of a 1% decline to 2% growth.

High Profile Intel Board Member Suddenly Quits

A high-profile Intel board member has suddenly resigned. Three sources familiar with the matter highlighted that the resignation came after differences with CEO Pat Gelsinger and other directors emerged over what the director considered the U.S. company’s bloated workforce, risk-averse culture and lagging artificial intelligence strategy. Lip-Bu Tan, a semiconductor industry veteran, had said he was leaving the board because of a personal decision to “reprioritize various commitments” and that he remained “supportive of the company and its important work,” in a regulatory filing on Thursday. Earlier this month Intel also paused its dividend that it had been paying for decades.

Nvidia's Earnings Report Could Translate to the Largest Expected Earnings Move for Any Company in History Says Analysts

A recent article highlighted that traders in the U.S. equity options market are expecting Nvidia's upcoming earnings report to spark a more than $300 billion swing in shares of the company. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares on Thursday, a day after it reports earnings, data from analytics firm ORATS showed. With Nvidia's market capitalization of about $3.11 trillion, a 9.8% swing in the shares would translate to about $305 billion, likely the largest expected earnings move for any company in history, analysts said.