US stocks finished higher on a volatile Wednesday session, reversing some of the sharp selling from the prior four sessions as markets digested a divisive Fed minutes release and awaited Nvidia's earnings after the close. The S&P 500 rose 0.4% and the Nasdaq 100 gained 0.6% while the Dow added 0.1%.
Nvidia was up 2.9% as analysts expect solid, though moderating, revenue growth and will focus on its outlook for AI services and data centre compute capacity. Retail results were mixed with Target down 2.8% and Lowe's and TJX higher. The FOMC minutes showed disagreement among officials over whether to hold or cut at the next meeting.
The BLS decision to delay the jobs report until after the Fed's December meeting clouded the policy outlook further and increased the odds markets assign to a hold. That uncertainty left positioning fragile after a large tech run up, producing intraday swings, mixed sector performance and safe haven flows into gold.
Source: Trading Economi
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