Wall Street Rebounds as Tech Stocks and Nvidia Gain Momentum/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ U.S. stock markets edged higher Wednesday after a four-day losing streak rattled Wall Street and weighed down tech stocks. The S&P 500 rose 0.2%, while the Nasdaq added 0.4% on gains from Nvidia and Super Micro Computer. Investors remain cautious amid inflation concerns and upcoming U.S. economic data.
Market Recovery Quick Looks
- S&P 500 up 0.2%, Nasdaq rises 0.4%, while the Dow slips 14 points.
- Super Micro Computer rebounds 18.4% after resolving financial reporting issues.
- General Motors jumps 5.6% with a $6 billion stock buyback and dividend hike.
- TJX Companies gains 1.4% on better-than-expected earnings and a dividend boost.
- Nvidia stock climbs 2.9% ahead of its much-anticipated earnings release.
- Investors monitor inflation concerns and President Trump’s tariffs on imports.
- 10-year Treasury yield slips to 4.29% after recent sharp declines.
- Global markets mostly rise, with France’s CAC 40 up 1% and Hong Kong’s Hang Seng gaining 3.3%.
Wall Street Rebounds as Tech Stocks and Nvidia Gain Momentum
Deep Look
NEW YORK – Wall Street regained some lost ground Wednesday, ending a four-day losing streak that had dragged major indexes off record highs amid worries about inflation and economic headwinds.
The S&P 500 added 0.2% in early trading, following several days of turbulence that rattled investors and sent high-growth tech stocks into decline. The Nasdaq composite rose 0.4%, recovering some of its earlier losses, while the Dow Jones Industrial Average edged down 14 points (less than 0.1%).
Tech Stocks Regain Momentum
Tech stocks, which had been hit hard in recent sessions, led Wednesday’s recovery:
“Investors are recalibrating expectations after tech’s sell-off,” said market analyst Jane Monroe.
Corporate Announcements Lift Market Sentiment
Beyond tech, several major companies buoyed markets with shareholder-friendly news:
Economic Data and Market Outlook
Markets remain cautious as investors await key data:
Bond Yields and Global Markets
In the bond market, yields steadied after recent volatility:
International markets mostly posted gains:
“Global sentiment remains mixed, but the rebound in tech is helping calm nerves,” noted strategist Alex Chen.
