Stocks were about flat on Wednesday as investors parsed the latest earnings reports while awaiting Federal Reserve meeting minutes and Nvidia’s quarterly figures.
The S&P 500 rose 0.3% along with the Nasdaq Composite .
The 30-stock Dow rallied more than 700 points, or about 1.8%, while the S&P 500 rose 2%, each ending a four-day losing streak.
“It’s important for investors to look past the tariff turmoil and look at the environment where we’ll have deregulation, more onshoring.
“Now, in between that, we have uncertainty, which could cause a slowdown in the next two quarters,” said Saperstein.
As investors analyzed the most recent earnings reports and awaited the minutes of the Federal Reserve meeting and Nvidia’s quarterly results, stocks were essentially flat on Wednesday.
The Dow Jones Industrial Average increased 101 points, or 0.2 percent, while the SandP 500 and the Nasdaq Composite . both increased 0.3 percent.
Following the identity management software company’s guidance being maintained due to macroeconomic uncertainty, Okta shares fell 11%. However, after releasing better-than-expected quarterly reports, Abercrombie & Fitch and Macy’s saw increases of over 31% and 1%, respectively.
After the bell, Nvidia is scheduled to release its financial results. The impact of China’s restrictions on the AI chipmaker, which sees no slowdown in demand for its graphics processors, will be closely watched by investors. During the session, shares barely changed.
at 2:00 p.m. A. ET, the minutes of the Fed’s May meeting are anticipated to be made public. As the macroeconomic landscape becomes more uncertain, Wall Street will be watching for hints about how central bank officials are formulating monetary policy.
Investors have just concluded a successful session. Both the S&P 500 and the 30-stock Dow ended a four-day losing streak with gains of more than 700 points, or roughly 1 point 8 percent, and 2 percent, respectively. The Nasdaq Composite increased by about 2.5 percent.
Following his initial declaration on Friday that he was “not looking for a deal,” President Donald Trump announced on Sunday that he would postpone a 50 percent tariff on the European Union until July 9. Investor optimism that the stock market would recover from the worst of the tariff chaos was bolstered by this.
“It’s critical that investors see the future of deregulation and increased onshoring, rather than the tariff tumult. Consider immediate expensing from a tax basis in the tax bill. expanded M&A opportunities. Accordingly, the post-tariff environment will be excellent for investing,” Treasury Partners’ chief investment officer Rich Saperstein stated on Tuesday on CNBC’s “Closing Bell.”. “.
“Now, we have uncertainty in between that, which could cause a slowdown in the next two quarters,” Saperstein stated. “But rather than focusing on the short-term volatility, I would consider the environment after tariffs into ’26. “.”.
