The S&P 500 advanced 0.2% to 5,933. (Photo source: Unsplash)
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The S&P 500 advanced 0.2% to 5,933. (Photo source: Unsplash)
US stocks opened higher on Wednesday for the second consecutive day, ahead of Federal Reserve meeting minutes and Nvidia’s quarterly figures.
The 30-stock Dow Jones Industrial Average gained 0.25%, or 100 points, just shy of the 42,500-mark, while the tech-heavy Nasdaq Composite gained 0.4% to trade above 19,200.
The S&P 500 advanced 0.2% to 5,933. Five of the 11 sectoral indices were trading in the green, led by telecom and healthcare. Energy and real estate stocks were the most under pressure.
Nvidia is set to report its first-quarter earnings, with analysts expecting a strong print. The stock was trading 0.3% lower.
The markets are keenly awaiting the Fed minutes of the FOMC’s May meeting for clues into how central bank officials are thinking through monetary policy at a time of greater macroeconomic uncertainty.
The yield on the 10-year US Treasury bond advanced three basis points to 4.48%.
The US dollar strengthened against major currencies. The Bloomberg Dollar Index gained 0.3% to 99.85.
Standard Chartered said in a recent note that the risk of a “major” downturn in the greenback will increase next year if US President Donald Trump’s policies add to the national debt burden but fail to boost the economy.
Dollar May Face ‘Major’ Drop In 2026, Standard Chartered Says
