Lates News

The rise in the US stock market on Wednesday ended the longest consecutive decline since August. The artificial intelligence benchmark NVIDIA strengthened and will announce its financial report after hours. As of the article deadline, the S&P 500 index rose more than 1%, reversing a four-day decline from its October high by about 4%. The Nasdaq 100 index rose 1.6%. As one of the most influential stocks on Wall Street, NVIDIA rose more than 3%, but is still down over 7% so far this month. Traders are hoping that NVIDIA's financial report will alleviate concerns about AI spending in the market and confirm that the current stock market rally is not just another tech bubble. Tom Essay, founder of Sevens Report Research, said NVIDIA's financial report is "widely regarded as the most important market catalyst this week. Any disappointing results could exacerbate recent selling pressure and have a significant impact on large tech stocks, the overall stock market, and risk assets."