Stocks Climb Ahead of Nvidia Earnings as Wall Street Waits
Chip stocks pulled U.S. indexes higher early Wednesday ahead of Nvidia's report after the close, while easing oil and bond moves helped sentiment. The S&P 500 was up 0.18% at 7,366.51, the Nasdaq Composite climbed 0.45% to 25,988.36 and the Dow Jones Industrial Average added 0.42% to 49,573.21, LSEG data showed, as reported by Reuters. Investors are looking to extend the AI trade, even as the bond market resists. The 10-year Treasury yield dropped 0.034 point to 4.635% Wednesday, pulling back after a recent jump, according to Reuters data.