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.
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