The Nasdaq Composite Index achieved its highest daily gain in 3 weeks
US indices closed with strong collective gains in the session on Wednesday, supported by technology stocks, in addition to the decline in the yield on Treasury bonds for 10 years from its highest level in 16 years, after weak data for business activities in the United States and the euro area.
These gains also come amid anticipation of the US Federal Reserve's speech on Friday at the Jackson Hole Conference, in search of clues about the interest path of the US Federal Reserve.
The performance of the main US indices:
The Dow Jones rose by 0.5%, equivalent to about 184 points, in Wednesday's session, after it recorded its lowest close in about 6 weeks in the previous session.
And the S & P 500 index rose by 1.1%, and the Nasdaq Composite Index continued its gains for the third consecutive session, up by 1.6%, to achieve the highest daily gain in 3 weeks.
Nvidia shares
Nvidia's stock jumped more than 3% to close near its highest level ever before the company announced its financial results.
The results, which were announced immediately after the end of the session, showed that it exceeded expectations, after earnings per share amounted to $2.7 per share, compared to expectations of $2.09 per share.
Revenue also significantly exceeded analysts' estimates, coming in at $13.51 billion versus expectations of $11.22 billion.
The stock jumped more than 8% in after-hours trading after the company expected its sales to jump 170% this quarter, boosted by demand for artificial intelligence chips.
Apple shares:
Apple shares rose 2.2% on Wednesday, achieving its highest daily gain in nearly two months, adding about $61 billion to its market value in one day.
Most of the technology companies that are most sensitive to higher interest rates made strong gains today, Wednesday, after US Treasury bond yields fell after the release of weak business data in America.
