A dealer reacts on the ground on the New York Stock Exchange in New York City, U.S., August 22, 2025.
Brendan McDermid | Reuters
The S&P 500 ticked increased on Wednesday as traders turned their eyes to Nvidia earnings, which could possibly be a make-or-break second for the bull market.
The broad market index ended the day up 0.24% at 6,481.40, setting a contemporary all-time closing excessive. The Nasdaq Composite closed up 0.21% at 21,590.14, and the Dow Jones Industrial Average gained 147.16 factors, or 0.32%, to complete at 45,565.23.
Shares of Nvidia, which account for roughly 8% of the S&P 500 and has the largest weight within the benchmark in line with FactSet knowledge, have been little modified.
The market has been largely wanting previous Trump’s unprecedented move to fire Fed Board Governor Lisa Cook from the central financial institution’s board, with U.S. shares coming off of a lackluster trading session by ending little modified Tuesday.
“Interest rates are on the cusp of being lowered, and earnings are trending higher. In aggregate, inflation, interest rates and earnings trends support a risk-on bias,” stated Terry Sandven, chief fairness strategist at U.S. Bank Asset Management, in an interview with CNBC.
Some particular person names managed robust good points regardless of the muted motion within the broader market. MongoDB popped about 38% after the developer knowledge platform topped Wall Street’s expectations. Okta jumped greater than 1% after its quarterly results and full-year forecast beat consensus estimates.
Both corporations cited the demand coming from corporations creating synthetic intelligence platforms for the robust outcomes. That bodes effectively for Nvidia, which releases its monetary outcomes after the closing bell on Wednesday.
Wall Street has excessive hopes for Nvidia, which is taken into account a bellwether within the broader market and a serious indicator of AI improvement. Its earnings might both dampen or propel this 12 months’s rally, notably because the “Magnificent Seven” appears to be like to get well from final week’s sell-off.
The chipmaker has overwhelmed earnings expectations in 11 of previous 12 quarterly stories, however the inventory has had a downbeat post-earnings response 4 of these occasions, per FactSet.
“The path of least resistance for equities continues to be up, and part of that’s driven by favorable sentiment from many technology companies, including Nvidia,” Sandven additionally stated. “Our expectation is that you will see a generally favorable report from Nvidia.”