2023-08-23 18:16:19
American Stock Exchange
Archyde.com – U.S. stocks closed sharply higher on Wednesday, with Nvidia shares rising ahead of the company’s quarterly results, whose chips are widely used in artificial intelligence computing.
Nvidia shares rose ahead of the report’s release, consolidating its recent gains. Its stock is up more than 220% this year.
According to preliminary data, the Standard & Poor’s 500 index rose by 48.84 points, or 1.11%, to 4,436.39 points, while the Nasdaq Composite Index gained 215.16 points, or 1.59%, to 13,721.03 points.
The Dow Jones Industrial Average rose 188.50 points, or 0.55%, to 34,477.33 points.
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