The trader works on the floor of the New York Stock Exchange on February 13, 2025.
Daniel Devries | CNBC
Stocks rose on Wednesday as investors waited for revenue from their artificial intelligence beloved, and as the S&P 500 is about to snap a four-day winning streak nvidia.
S&P 500 While trading 0.7% higher Nasdaq Composite 1.1% has been added. Dow Jones Industrial Average 77 points (0.2%) were inched.
Nvidia's fourth quarter revenue could be the next catalyst for the market after the closure bell on Wednesday. The shares climbed more than 4% on Wednesday.
This report arrives at a critical time for Nvidia. The emergence of Deepseek has raised questions about the sustainability of the former artificial intelligence trade. Chip Giant and other momentum plays also show signs of glowing like Nvidia's 2% decline in 2025.
“Nvidia is a natural market and market darling stock that is very important for the broader market. Its performance provides meaningful guidance for a broader market tone. Its importance is modest for the technical sector You can't do it.”
Stock is out of weak sessions. The S&P 500 and Nasdaq recorded four consecutive losses. 30 stock Dow There was a progress of about 0.4% in outliers.
Consumer confidence measurements weaker than expected from the Conference Committee weighed stocks on Tuesday. There have been many recent reports that include poor retail sales and lack of reading consumer sentiment, which has spurred traders' concerns over the past week, leading to pressure on key averages. Ta.
“Policy uncertainty. … certainly filtered its methods into a lot of soft data,” said Liz Anne Sonders, chief investment strategist at Charles Schwab, on Wednesday, “Squawk” on CNBC. on the Street.” “That's why we're seeing them buy the intentions of big ticket items and really lower Capex's intentions, their spending plans.”
The main economic data release for investors is the release of the Personal Consumption Expense Price Index on Friday. PCE is the Federal Reserve priority inflation gauge.
