S&P 500 Snaps Four-Day Losing Streak Ahead of Nvidia Results
Traders work on the floor at the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks advanced on Wednesday, halting their longest slump since August, as AI bellwether Nvidia Corp. rose before it reports earnings after the close.
The S&P 500 Index gained 0.4%, after climbing as much as 1.1% earlier. The benchmark ended a four-day slide that pushed it nearly 4% below its October peak. The Nasdaq 100 Index climbed 0.6%, with a basket tracking the Magnificent Seven stocks climbing almost 1%. Nvidia — the most influential stock on Wall Street — advanced nearly 3%, leaving shares of the AI darling down almost 8% this month.