Wall Street rises as tech shares lead rebound, Nasdaq gains as Nvidia jumps 5%
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Wall Street moved higher on Wednesday as technology shares led a market recovery.
- ✓Nvidia jumped 5% after recent losses, while the Nasdaq Composite gained 1.6%.
- ✓Rick Rieder said, "hiking the Fed Funds policy rate in December is our and the market's base case," as inflation data shaped investor sentiment today.
Story at a Glance
- Category
- Indian Markets
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Wall Street moved higher on Wednesday, with technology shares leading the recovery as Nvidia rebounded after two consecutive sessions of losses and CoreWeave rallied on better-than-expected quarterly results.
The Nasdaq Composite gained 1.6%, while the S&P 500 advanced nearly 1%. The Dow Jones Industrial Average was up 45 points, or 0.1%, shortly after the opening bell.
CoreWeave shares surged 13% after the cloud computing company reported third-quarter revenue above analyst expectations. The company also raised its operating income and revenue guidance for 2026, boosting investor sentiment towards the stock.
Nvidia climbed 5%, recovering some of its recent losses after falling nearly 10% at the start of the week. The chipmaker's shares had come under pressure following reports concerning CEO Jensen Huang and allegations of an affair with an alleged Chinese spy. The decline in Nvidia had weighed on the broader market on Tuesday, with all three major US indices ending the session lower.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
CNBC TV18
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.