NVIDIA Stock Rises. AI Rally Is Riding on Earnings.
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US stocks ended a choppy session higher on Wednesday, bouncing off recent losses as technology stocks rose ahead of Nvidia's quarterly results. The Dow Jones Industrial Average rose 47.03 points, or 0.
This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF (NYSEMKT: VOO) lost nearly 1% on Monday, and as Tuesday dawns is continuing to slide,
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Stock Market Today: Dow Gains After Fed Minutes; Nvidia Earnings Next (Live Coverage)
Inside the blue chip index, Amazon AMZN and Caterpillar CAT rose 0.2% and 0.6%, respectively, in morning trading. Amazon stock breached its 50-day moving average Tuesday.
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
The Indian market closed higher on Wednesday as early losses were wiped out by fresh foreign inflows and a strong rebound in leading IT stocks. Infosys was the standout performer, rallying ahead of its ₹18,
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Valentin Marinov, head of G10 FX strategy at Credit Agricole CIB, said that any changes in Starmer and Chancellor Rachel Reeves’s political fortunes could shake the “hard-won investors confidence” in the UK’s commitment to fiscal stability, and undermine sterling-denominated assets.
The Nifty enters midweek trading stuck in a very narrow range. 25,750 - 25,800 zone is acting as a support for the index, while the 26,000 mark continues to remain a barrier, despite the index closing above it on Monday.