US stocks rose on Wednesday, with the S&P 500 and Dow Jones up 0.2% while the Nasdaq gained 0.6%. The gains came after the S&P 500 turned positive for the year a day earlier, although momentum from the recent rally, fueled by the U.S.-China tariff cuts, appeared to be fading. Investors also eyed President Trump's visit to the Middle East, which has drawn attention to the market.
The technology sector was the best performer so far while real estate and utilities underperformed. Nvidia shares jumped more than 3%, building on a 5.6% gain from the previous session as the company will supply more than 18,000 AI chips to Saudi Arabia. Meanwhile, Super Micro Computer jumped 17% after entering into a $20 billion partnership with Saudi-based data center operator DataVolt. Among large-cap companies, Apple and Amazon traded around the flatline while Microsoft (0.4%), Meta (0.8%), Alphabet (+0.6%), and Tesla (+2.7%) traded higher.
Source: Trading Economics
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