From Nasdaq:

Nvidia’s stock rises after TSMC’s Q4 revenue exceeds expectations, while Boeing rebounds after a two-day slump. The US SEC states that bitcoin ETFs are not yet approved, causing crypto stocks to slip. Indexes are up, with the Dow rising 0.31%, the S&P 0.26%, and the Nasdaq 0.26%.

The S&P 500 and Nasdaq reached near two-week highs on Wednesday, boosted by lower Treasury yields. Big companies like Microsoft, Amazon, and others saw stock gains. Treasury yields fell to 3.98%, causing shares to rise. Nvidia also saw gains after TSMC’s Q4 earnings beat expectations, rising 1.1%. Communication services stocks hit a near two-year high.

Inflation reports are due on Thursday and Friday; meanwhile, market participants scale back rate cut expectations in March. New York Fed President John Williams is expected to speak later, and banking giants are set to report lower fourth-quarter profits due to souring loans and paying more to depositors. Dow Jones, S&P 500, and Nasdaq rose slightly, while crypto stocks fell.

Bitcoins price dipped after a fake social media message regarding the approval of exchange traded funds by the U.S. securities regulator. Boeing recovered after a 9.3% tumble in the last two sessions. DocGo dropped 27.8% after Fuzzy Panda Research revealed a short position on the health services company’s stock. Incidentally, the views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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