US Stock Markets Today: Dow Swings To Gains, Nasdaq Up 1% As Nvidia Hits $4-Trillion Market Cap

US stocks opened higher on Wednesday as sentiments eased at the Wall Street with expectations of trade negotiations with a numbering of trading partners.

The Dow Jones Industrial Average swung to gains, rising 0.7% or 312 points to 44,525.63, whereas the tech-heavy Nasdaq Composite gained 1% or 197 points to 2,621.53. The surge came with AI chipmaker Nvidia hitting the $4-trillion market-capitalisation-mark shortly after the trading commenced.

The broader index, S&P 500, rose 41.32 points or 0.66% to 6,266.4.

As the trading started, seven out of the 11 sectoral indices edged higher in early trade, while four were in the negative. The information technology sector and the communications services sector led the rally. While the Energy, Consumer Staples, Utilities, and Real Estate Sectors were trading in the red.

Nvidia was among the top gainers in early trade, rising 2.5% to $164 apiece on the Nasdaq. Shares of Boeing Co. and Microsoft Corp. were also among the top performers after rising 3.31% and 1.63% respectively.

As the US market opened, spot gold fell 0.05% to $3,300.22 an ounce. Crude oil prices fell, with Brent trading 0.48% lower at $69.80 per barrel.

The Bloomberg Dollar Index was little changed along with the British Pound which stood at $1.3591. The Japanese yen too was little changed at 146.67 per dollar.

Bitcoin, the largest traded cryptocurrency, rose 0.7% to $109,468.65.