United States benchmark averages closed higher on Wednesday (Thursday AEST), with the S&P 500 closing at an all-time high as traders positioned ahead of Nvidia’s much-anticipated quarterly results.
The chipmaker reported stronger-than-expected earnings and revenue after the close, while projecting sales growth above 50% in the current quarter amid continued demand for artificial intelligence infrastructure.
The Dow Jones Industrial Average rose 147.2 points, or 0.3%, to 45,565.2. The S&P 500 gained 15.5 points, or 0.2%, to finish at 6,481.4, marking a new record close. The Nasdaq Composite added 45.9 points, or 0.2%, to 21,590.1.
Nvidia, which represents approximately 8% of the S&P 500, saw little movement during regular trading and slipped 2.6% in after-hours trading following its earnings release.
Markets largely brushed aside political developments after President Donald Trump dismissed Federal Reserve Governor Lisa Cook from the central bank’s board in an unprecedented move.
Beyond the broader indices, several companies delivered notable performances. MongoDB shares surged 38% after the database platform beat market expectations.
Okta gained 1.6% after topping consensus forecasts for its quarterly results and full-year outlook.
On the bond markets, Treasury yields edged lower. The 10-year yield fell 0.6% to 4.238%, while the 2-year yield dropped 1.9% to 3.615%.
