The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.41%. March E-mini S&P futures (ESH26) rose +0.81%, and March E-mini Nasdaq futures (NQH26) rose +1.41%.
Stock indexes rallied on Wednesday, with the S&P 500 posting a 1.5-week high and the Nasdaq 100 posting a 2-week high. Strength in AI-infrastructure companies, software stocks, and chipmakers led the broader market higher. Stocks have carryover support from Tuesday, when AI startup Anthropic PBC eased AI disruption concerns after saying its new AI tools for its Claude Cowork agent software will integrate rather than displace existing systems. Also, optimism that Nvidia’s earnings results, released after Wednesday’s close, will show strong demand for its AI processors remains high. Bloomberg estimates Nvidia’s Q4 revenue to be $65.91 billion.
