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Rich Asplund

Stocks Settle Higher Before Nvidia Earnings

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The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.38%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.56%. December E-mini S&P futures (ESZ25) rose +0.39%, and December E-mini Nasdaq futures (NQZ25) rose +0.58%.

US stock indexes settled higher on Wednesday as they recovered some of this week’s sharp losses. Nvidia rose more than +2% ahead of its earnings results after Wednesday’s close. Nvidia’s earnings are seen as a bellwether for whether lofty valuations for tech stocks and massive capital spending in artificial intelligence remain justified.

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