S&P 500 and Nasdaq near records as Nvidia leads AI stock rebound; Dow lags

economictimes.indiatimes.com —

US stocks rallied Wednesday as the S&P 500 and Nasdaq climbed toward record highs, led by a rebound in AI and semiconductor shares, while the Dow Jones remained flat. Nvidia rose nearly 3% after two days of losses, and CoreWeave surged 16.59% following strong quarterly results and raised guidance. Broadcom, Intel, Micron, and Marvell each gained about 6%, with the Nasdaq up 1.35% and the S&P 500 up 0.92%. The Dow's stagnation reflects the rally's concentration in tech stocks, which have greater weight in the Nasdaq. Tuesday's hotter-than-expected inflation report kept broader market sentiment cautious, with expectations of a possible Federal Reserve rate hike in December.


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