"The S&P 500 rose 0.2% early Wednesday and neared the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 127 points after setting its own record the day before, while the Nasdaq composite climbed 0.3%. Technology stocks swung back upward. Advanced Micro Devices rallied after its CEO said the chip company is expecting better than 35% annual compounded growth in revenue over the next three to five years. Nvidia, the dominant player in chips used for artificial-intelligence technology, also rose."
"THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below. Wall Street is on track to open higher Wednesday with an end to the U.S. government shutdown appearing closer, and technology stocks appeared to regain their footing after wild swings this week. Futures for the S&P 500 rose 0.4% while futures for the Dow Jones Industrial Average were up 0.3%. Futures for the technology-heavy Nasdaq index rose 0.6%."
U.S. stock benchmarks moved higher, with the S&P 500 up 0.2% nearing its recent all-time high, the Dow adding 127 points after a record close, and the Nasdaq rising 0.3%. Technology shares advanced, led by gains at Advanced Micro Devices after a strong multi-year revenue outlook and a rise in Nvidia. Futures pointed higher before the open. The federal government shutdown, which could end soon, left over a million workers unpaid, canceled thousands of flights, interrupted food aid, and cut off key economic data. The Congressional Budget Office estimated a six-week shutdown would reduce fourth-quarter growth by about 1.5 percentage points and could complicate a December Fed rate cut.
Read at Fortune
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