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U.S. stocks rose at the start of trading on Wednesday as Wall Street tries to build on two consecutive days of gains.
The Dow Jones Industrial Average rose by 171 points, or 0.4%. The S&P 500 increased by 0.5%, while the Nasdaq Composite advanced by 0.7%.
Nvidia's shares rose by more than 2% after recovering from a previous decline. Microsoft's shares also rose by about 1%.
These gains come after a volatile but positive session. The Dow Jones Index, consisting of 30 stocks, rose by more than 660 points, marking its third consecutive positive day. Several technology stocks also rose, supporting the market overall. Alphabet's stock reached new record levels after a report revealed that Meta is considering using Google’s TPU chips starting in 2027. In contrast, Nvidia's stock fell by more than 2.5% by the end of yesterday's trading.
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