On Wednesday, stocks ended higher as Wall Street awaited Nvidia’s most recent quarterly results. Nvidia is a high-flying chipmaker that has benefited from the artificial intelligence mania on Wall Street. A decrease in yields also helped investors feel better.
The Dow Jones Industrial Average ended the day at 34,472.98 with a gain of 184.15 points, or 0.5%. To conclude the day at 4,436.01, the S&P 500 increased 1.1%, marking its greatest daily performance since June 30. With three days of advances, the tech-heavy Nasdaq Composite increased 1.6% to 13,721.03.
After the bell, Nvidia is expected to release second-quarter financial results. The firm is anticipated to announce substantial increases in profit and revenue year over year, according to analysts surveyed by Refinitiv. Nvidia has outperformed all other S&P 500 stocks in 2023 by more than 200%, according to investors applaud the company’s potential in the field of AI.
Source (CNBC)
