Stocks Revive, NASDAQ Hits New Record
The S&P 500 rose Wednesday, as Nvidia reached a major milestone and investors monitored the latest tariff updates from President Donald Trump.
The Dow Jones Industrials raced 217.54 points to conclude Wednesday’s session at 44,458.30.
The much-broader index revived 37.74 points to 6,263.26.
The NASDAQ Composite popped 192.87 points to 20,611.34.
Nvidia shares traded 2% higher, making it the first company to reach a market capitalization of $4 trillion. Other major tech names also rose — including Meta Platforms, Microsoft and Alphabet — nodding to a rekindling in appetite for the AI theme.
Those moves came as traders seemingly downplayed the latest tariff-related headlines of the week.
On Wednesday, Trump sent letters dictating new U.S. tariff rates on goods from at least six more countries, including the Philippines and Iraq. This comes after Trump posted letters setting new duties earlier this week to the leaders of 14 other countries, including South Korea and Japan.
Those moves came as traders seemingly shrugged off the latest tariff-related headlines of the week.
Prices for the 10-year treasury gained, lowering yields to 4.34% from Tuesday’s 4.41%. Treasury prices and yields move in opposite directions.
Oil prices slid five cents to $68.28 U.S. a barrel.
Gold prices grabbed $5.80 at $3,322.70 U.S. an ounce.
