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Wall Street kept climbing on Wednesday as all major stock indexes ended the day higher, continuing a rally that started earlier in the week. The S&P 500 moved up by 0.10%, landing at 5,892.58, which was just enough to push it into positive territory for the year. The Nasdaq Composite did even better, rising 0.72% to finish at 19,146.81. The Dow Jones Industrial Average was the only one that fell, slipping 89.37 points, or 0.21%, and closing at 42,051.06, according to data from CNBC. That said, all three indexes are up on the week. This uptick came as investor confidence grew on the back of cooling tensions between the US and China, especially after both countries cut tariffs. The US dropped duties on Chinese goods to 30%, and China lowered its own to 10% for imports from America. These cuts came after both sides had threatened in April to impose tariffs higher than 100%. With that threat now on pause, buyers started taking more risks again, boosting market activity. Tech stocks jump as Nvidia and AMD rally Technology shares were front and center. Nvidia rose over 4% after announcing plans to ship 18,000 of its top AI chips to Saudi Arabia. That news alone was enough to light up the chip sector. Not far behind was AMD, whose stock also climbed more than 4% thanks to a newly announced $6 billion buyback program. That kind of aggressive move from AMD gave investors something real to grab onto. Together, these two moves helped fuel a massive bump in the Nasdaq, which is now up more than 6% this week. The S&P 500 is up over 4%, and the Dow has gained nearly 2%. What’s more, the S&P 500 had previously dropped more than 20% from its February high but has now…

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Filed under: News - @ May 14, 2025 9:23 pm