United States markets broke a four-session losing streak on Wednesday (Thursday AEDT), with Wall Street’s major indices rising as investors remained squarely focussed on Nvidia’s quarterly earnings report.
The Dow Jones Industrial Average edged 47 points, or 0.1%, higher to close at 46,138.7. The S&P 500 climbed 24.8 points, or 0.4%, to finish at 6,642.2, while the Nasdaq Composite advanced 131.4 points or 0.6% to 22,564.2.
Alphabet was among the standout performers, gaining about 3% and notching a fresh all-time high. The rally was driven by renewed optimism surrounding its next generation of artificial intelligence, Gemini 3, unveiled on Tuesday.
Nvidia, another member of the so-called “Magnificent Seven”, rose roughly 3% during regular trade ahead of its quarterly results.
After the closing bell, Nvidia delivered stronger-than-expected numbers, lifting a further 3.8% in after-hours trading, as adjusted earnings per share came in at $1.30, beating the $1.26 expected, while revenue reached $57.01 billion, ahead of the $54.91 billion consensus.
Among individual stocks, Target reported a sharper-than-expected drop in quarterly sales as financially stretched U.S. consumers curbed discretionary spending, pushing its shares down 2.8%.
Rival Walmart is due to report later this week.
Lowe’s gained 4% after the home improvement retailer posted better-than-expected third-quarter earnings.
By contrast, Home Depot cut its annual forecasts on Tuesday, citing persistent cost-of-living pressures weighing on household demand.
Tuesday’s U.S. session marked the fourth straight decline for both the Dow and S&P 500, with the broader index recording its longest losing streak since August.
The Nasdaq, meanwhile, notched its fifth negative session in six days.
On the bond markets, yields moved higher, with the 10-year and 2-year Treasury rates both up 0.5%, at 4.139% and 3.594%, respectively.
