NEW YORK (AP) — U.S. stocks rose and erased their losses for the week so far, as Nvidia and other technology companies led the way. The S&P 500 climbed 0.8% Wednesday for a second straight gain following Monday’s swoon. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 1.3%. Nvidia was one of the strongest forces lifting the market ahead of its highly anticipated profit report, which is scheduled to come shortly after trading’s end for the day. Expectations are very high for the chip company benefiting from the AI boom. Stock indexes rose in Europe and Asia, while Treasury yields held steady.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
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