The U.S. stock market ticked higher, led by its most influential stock, Nvidia.
The S&P 500 rose 0.6 percent Wednesday after paring a gain that briefly reached 1 percent. The Dow Jones Industrial Average added 0.3 percent, and the Nasdaq composite gained 0.8 percent.
Nvidia was the strongest force lifting the market after Meta Platforms announced a deal to use millions of its chips in AI data centers.
Treasury yields climbed following several reports on the U.S. economy that were stronger than economists expected.
On Wednesday:
The S&P 500 rose 38.09 points, or 0.6 percent, to 6,881.31.
The Dow Jones Industrial Average rose 129.47 points, or 0.3 percent, to 49,662.66.
The Nasdaq composite rose 175.25 points, or 0.8 percent, to 22,753.63.
The Russell 2000 index of smaller companies rose 12.02 points, or 0.5 percent, to 2,658.61.
For the week:
The S&P 500 is up 45.14 points, or 0.7 percent.
The Dow is up 161.73 points, or 0.3 percent.
The Nasdaq is up 206.96 points, or 0.9 percent.
The Russell 2000 is up 11.91 points, or 0.5 percent.
For the year:
The S&P 500 is up 35.81 points, or 0.5 percent.
The Dow is up 1,599.37 points, or 3.3 percent.
The Nasdaq is down 488.36 points, or 2.1 percent.
The Russell 2000 is up 176.70 points, or 7.1 percent.
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