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Stock market today: Indexes rise as prices for Nvidia, bitcoin and oil all climb

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NEW YORK (AP) — U.S. stocks are rising after market superstar Nvidia and another round of companies said they’re making fatter profits than expected. The S&P 500 added 0.4% in early trading Thursday.

NEW YORK — U.S. stocks are rising after market superstar Nvidia and another round of companies said they’re making fatter profits than expected. The S&P 500 added 0.4% in early trading Thursday. The Dow Jones Industrial Average rose 123 points, and the Nasdaq composite gained 0.5%. The moves were part of a busy day for financial markets worldwide, as crude oil prices continued to rise. A barrel of U.S. crude topped $70 amid escalations in the Russia-Ukraine war.

Stephen Innes, managing partner at SPI Asset Management, said the market reaction to Nvidia’s performance was partly due to the positioning of investors before quarterly results were published. Regulators stopped short of demanding Google sell Android, but left the door open to it if the company's oversight committee continues to see evidence of misconduct.

Shares of India's Adani Enterprises plunged 23% Thursday after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The Indian businessman and one of the world’s richest people is accused of duping investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme.

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