Mumbai, Aug. 29 -- The Nasdaq climbed 115.02 points (0.5%) to 21,705.16, the S&P 500 rose 20.46 points (0.3%) to 6,501.86 and the Dow edged up 71.67 points (0.2%) to 45,636.90.

Wall Street gained momentum as traders reacted to Nvidia's (NVDA) much-anticipated second-quarter results, which beat expectations overall despite weaker-than-expected data center sales. Nvidia shares closed 0.8% lower but rebounded from early losses, helping lift the broader market.

The Commerce Department reported that U.S. personal income and spending rose in July, with core consumer price inflation edging up to 2.9% from 2.8%, a key gauge for the Fed's rate outlook. Markets are pricing in an 87.2% chance of a September quarter-point rate cut, according to CME...