News Formal

U.S. stocks log best day in nearly 2 months amid Nvidia earnings optimism

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

U.S. stocks saw their biggest gain in nearly two months on Wednesday as optimism about Nvidia Corp.’s quarterly earnings, due out after the bell, helped push...

U.S. stocks saw their biggest gain in nearly two months on Wednesday as optimism about Nvidia Corp.’s quarterly earnings, due out after the bell, helped push the tech-heavy Nasdaq into the lead. The S&P 500 SPX, +1.10% gained 48.58 points, or 1.1%, to 4,436.13, according to preliminary closing data from FactSet. The gain marked the index’s best day since June 30, according to Dow Jones Market Data.

The Nasdaq Composite COMP, +1.59%, meanwhile, rose 215.16 points, or 1.6%, 13,721.03, capping off a three-day winning streak and its best session since July 28. The Dow Jones Industrial Average DJIA, +0.54% gained 185.34 points, or 0.5%, to 34,474.17. Also, the S&P 500 managed to snap a streak of 36 consecutive days without a 1% gain, its longest such streak since the 42 trading day streak from July 26, 2021 to Sept. 22, 2021, Dow Jones data show.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia's earnings Wednesday will be a big test for AI bullsNvidia reports second-quarter earnings on Wednesday against a backdrop of elevated expectations driven by a surge of interest in artificial intelligence.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia earnings: What Wall Street expects from the AI-chip giantNvidia reports its fiscal second-quarter earnings after the close of markets on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia stock options traders are bracing for larger move than usual after earningsOptions traders are bracing for an outsize swing in Nvidia Corp.'s stock price after the chip giant's earnings report Wednesday afternoon.
Source: MarketWatch - 🏆 3. / 97 Read more »

GameStop Corp. Cl A stock rises Monday, still underperforms marketShares of GameStop Corp. Cl A inched 0.65% higher to $18.48 Monday, on what proved to be an all-around mixed trading session for the stock market, with the...
Source: MarketWatch - 🏆 3. / 97 Read more »

Bank of America Corp. stock rises Monday, still underperforms marketShares of Bank of America Corp. inched 0.14% higher to $29.15 Monday, on what proved to be an all-around mixed trading session for the stock market, with the...
Source: MarketWatch - 🏆 3. / 97 Read more »