News

U.S. Stocks Rise Led by Technology Companies

U.S. stocks advanced today, with technology firms leading the gains. Investors are closely watching earnings from key players in artificial intelligence as well as further developments in U.S. trade policy.

Major Indexes Close Higher

The Dow Jones Industrial Average, which tracks shares of 30 leading U.S. companies, added 0.63 percent to close at 49,482.15 points. The broader S&P 500 index rose 0.81 percent to 6,946.13 points.

The Nasdaq Composite, which includes many advanced technology companies, climbed 1.26 percent to 23,152.08 points. Shares of chipmaker Nvidia gained about 1.4 percent ahead of its closely anticipated earnings release, as investors positioned themselves for further signals on demand for artificial intelligence infrastructure. Nvidia, currently the world’s most valuable publicly traded company, remains a key barometer for the broader tech sector, particularly as spending on AI chips and data center capacity continues to drive market momentum. Market participants are closely watching whether the company can sustain its rapid revenue growth and justify its elevated valuation amid increasing competition and lingering macroeconomic uncertainty

Uncertainty Surrounding AI and Tariff Policy

Nvidia is the most valuable publicly traded company and a global leader in artificial intelligence chips, benefiting significantly from the surge in AI demand. However, uncertainty remains in equity markets about how AI development will impact various industries, while investors are also concerned about developments in President Donald Trump’s tariff policy.

The U.S. Supreme Court ruled that the broad tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA) were unlawful. Trump subsequently announced a new 10 percent tariff, which took effect on Tuesday, and indicated it could be raised to 15 percent, though the relevant decree has not yet been signed. In currency markets, the U.S. dollar weakened slightly against the euro, trading just above $1.18, while strengthening to 156.4 JPY against the Japanese yen after Japan appointed two monetary policy doves to its central bank board.