Nvidia CEO Jensen Huang.I-Hwa Cheng/AFP/Getty Images The S&P 500 came close to breaching a new high, as investors gear up for Nvidia earnings on Wednesday. Meanwhile, Fed speaker Christopher Waller outlined that several months of good data need to happen for rate cuts to start. Crypto swung heavily on Tuesday, as markets got excited for the possible approval of ether spot ETFs. The S&P 500 closed at a record high Tuesday, as investors gear up for Nvidia's highly-anticipated earnings report.