As investors anticipated Nvidia’s quarterly earnings, stocks rose on Wednesday. Additionally, after a volatile session on Tuesday, traders attempted to regain their composure.
The Dow Jones Industrial Average moved up 63 points, or 0.2%, during trading. The tech-heavy Nasdaq Composite rose 0.4% and the S&P 500 gained 0.3%.
After the bell, Nvidia is expected to release second-quarter financial results. According to Refinitiv’s survey of analysts, the business should record significant increases in revenue and earnings over the prior year during the second quarter. As investors praise the company’s prospects in the field of artificial intelligence, Nvidia is the best-performing S&P 500 stock of 2023, up more than 200%.
Source (CNBC)