As traders turn to Nvidia for AI news, stocks rise – US Market Wrap

Wall Street traders anticipating Nvidia earnings drove equities up, expecting for confirmation that the outlook for artificial intelligence remains unchanged. Bitcoin surpassed $69,000. A bond rally has stopped.
The Nasdaq 100, which is heavily weighted in technology, climbed 1.4%. More than strong earnings and forecasts, Nvidia will have to manage expectations about margin durability in the face of an AI spending frenzy and disruption fears. The chipmaker’s shares, which have been flat since October, rose 1.4%.
Trump is gathering tech executives from companies such as Amazon, Meta Microsoft, and Alphabet. Next week, they will visit the White House to sign pledges promising their companies to pay the electricity bill for energy-intensive data centers.
The S&P 500 rose 0.8%. An ETF tracking software company rose 3.1%. Salesforce Inc. also releases results on Wednesday. The yield on 10-year Treasuries increased two basis points to 4.05%. The dollar dropped 0.2%.