The S&P 500 added 0.2% and the Nasdaq was up 0.4% on Wednesday, rebounding after 4 consecutive session of losses, while the Dow Jones traded around the flatline. Consumer discretionary and tech were the top performing sectors while health and consumer staples underperformed.
Traders are eagerly awaiting Nvidia's earnings report, due after the closing bell, particularly for any insights into the potential impact of the DeepSeek emergence.
Nvidia shares were up approximately 2.5%. In addition, Lowe's Companies surged more than 1.7% after reporting a 0.2% increase in same-store sales, marking its first positive growth in nearly two years. General Motors also rose over 5% following the announcement of a 25% increase in its quarterly dividend.
Meanwhile, traders continue to monitor a minerals agreement between Ukraine and the US. On the other hand, shares of Apple were falling about 2% after the company's shareholders rejected a proposal to scrap diversity, equity and inclusion programmes.
Source: Trading Economics
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