US STOCKS - Nasdaq Hits Record, S&P Ticks Higher with Nvidia Results Eyed

WALL STREET - NEW YORK, May 20 (Reuters) - The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve.

The S&P 500 technology index .SPLRCT led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.