Dow Rebounds from 2 Days of Losses
Stocks rose Wednesday, led by tech, as Nvidia reached a major milestone, while investors monitor the latest tariff updates from President Donald Trump.The Dow Jones Industrials rebounded 217.81 points to 44,458.27.The S&P 500 index revived 38.7 points to 6,264.22.The NASDAQ Composite barreled ahead 201.49 points, or 1%, to 20,418.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.Those moves came as traders seemingly shrugged off the latest tariff-related headlines of the week.In addition to watching further tariff policy developments on Wednesday, traders will be monitoring the release of the Federal Open Market Committee’s minutes from its last meeting.Prices for the 10-year treasury gained, raising yields to 4.38% from Tuesday’s 4.41%. Treasury prices and yields move in opposite directions. Oil prices recovered 40 cents to $67.93 U.S. a barrel. Gold prices dropped $6.70 to $3,310.20 U.S. an ounce.
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