Wall Street opens higher; Dow gains 212 points, Nvidia earnings in focus
US stocks rose as Dow Jones gained 212 points, S&P 500 added 0.6%, and Nasdaq climbed 0.9%, led by Nvidia, Oracle, Palantir Technologies, and Microsoft amid AI and trade updates.
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US stock markets opened higher on Wednesday, February 25, extending gains from the previous session as technology stocks led the advance.
The Dow Jones Industrial Average rose 212 points, or 0.5%. The S&P 500 added 0.6%, while the Nasdaq Composite gained around 0.9%, supported by strength in chipmakers and software names.
Shares of Nvidia were up nearly 2% ahead of its quarterly results due after the bell.
The earnings report, along with updates from Salesforce and Snowflake, is expected to provide fresh cues on artificial intelligence spending and enterprise demand. Investors are closely watching Nvidia’s outlook, especially after hyperscalers recently signalled another step-up in capital expenditure, raising expectations for strong revenue growth.
Oracle jumped more than 2% after receiving an upgrade from Oppenheimer, which cited a favourable risk-reward profile following the stock’s recent correction. The broader software space extended its rebound from Tuesday, when the iShares Expanded Tech-Software Sector ETF climbed about 2%. Stocks such as Palantir Technologies and Microsoft moved higher, though Workday declined 6% after issuing a softer revenue forecast.
In the previous session, major averages rose as fears of widespread AI disruption eased. Advanced Micro Devices helped lift sentiment after Meta Platforms announced a multiyear semiconductor partnership.
On the macro front, investors are also tracking geopolitical tensions and trade developments.
President Donald Trump had over the weekend threatened to raise global tariffs to 15%, though a 10% duty on global imports came into effect on Tuesday. In his State of the Union address, Trump highlighted economic strength and proposed measures including government-backed retirement accounts and renewed calls to restrict large institutional investors from purchasing single-family homes.
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