US stocks ended mixed on Wednesday as investors weighed evolving trade policies and recent strength in the tech sector. The S&P 500 added 0.1% after erasing its losses for the year, while the Dow slipped 89 points and the Nasdaq 100 rose 0.7%, boosted by gains in major chipmakers.
Nvidia climbed 3% following reports of AI chip shipments to Saudi Arabia, and AMD jumped 4% after unveiling a $6 billion share buyback plan. The broader AI rally fueled a 17% surge in Super Micro Computer, helping lift overall market sentiment.
Optimism was further supported by a temporary U.S.-China tariff reduction, raising hopes for a broader trade agreement despite ongoing uncertainties. Meanwhile, President Trump's Middle East visit led to several new business deals, including a Boeing-Qatar Airways agreement and AI initiatives in the Gulf.
Although megacap stocks showed strength, sector performance was mixed, and Fed officials signaled a cautious outlook amid mixed
Source: Trading economi
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