From NASDAQ.:

Wall Street’s major indexes rose as Nvidia’s announcement of the Blackwell B200 chip boosted chip stocks, with AMD and Intel losing ground. Investors await the Fed’s policy update tomorrow, with bets for a rate cut in June slipping. The Dow led gains, with the S&P and Nasdaq also up, supported by energy and tech stocks.

Energy and tech stocks boosted the market, with oil prices rising. Meta Platforms was a top decliner in the communications services sector. The previous session saw all major indexes closing higher, with growth stocks like Alphabet and Tesla driving the Nasdaq rebound.

Coinbase, Riot Platforms, and Marathon Digital Holdings fell amid a sharp bitcoin slide, while MicroStrategy dropped 7% after a convertible debt offering. Super Micro Computer’s share sale and Spire Global’s collaboration with Nvidia affected their stock prices. Market breadth showed more advancing than declining issues on both NYSE and Nasdaq.

Overall, the market was driven by positive momentum, with various sectors contributing to the gains. The race to raise rates may be on hold for now as investors await the Fed’s decision on interest rates. This news highlights the current market trends and key factors influencing investor sentiment.



Read more at NASDAQ.: US STOCKS-Wall Street turns higher as Nvidia rebounds, focus on Fed meeting