S&P 500 and Nasdaq opened higher on Wednesday as traders await Nvidia's first-quarter results. In addition, a decline in oil prices helped investor sentiments.
Minutes into the trade, the Dow Jones Industrial Average fell 115.30 points or 0.23%, S&P 500 gained over 0.14%, while Nasdaq was up 0.36%.
While, West Texas Intermediate futures fell 2% to trade above $101 per barrel. Brent crude pulled back 3% to around $108 a barrel. Traders are also waiting for the minutes from the Federal Reserve's April meeting.
On Tuesday, S&P 500 and Nasdaq posted their third losing session in a row as rising bond yields pressured stocks. While the 30-year US Treasury yield hit its highest level in nearly 19 years, the 10-year Treasury touched its highest level since January 2025.
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Boeing Co. and Goldman Sachs rose over 2%, while Apple Inc., Amazon.com and NVIDIA Corp. rose over 1%. On the other hand, Walmart Inc., McDonald's Corp, and Salesforce Inc. are among the losers for the day.
As the US market opened, spot gold rose 0.2% to $4,490.75 an ounce. Even as stocks were trading mixed, crude prices fell with the West Texas trading 2% lower at $102.04 per barrel. Brent crude futures also fell 3% to $108.
The Bloomberg Dollar Index was little changed, with the British Pound was at $1.3394 and the Japanese yen was little changed at 157.07.
Bitcoin, the largest traded cryptocurrency rose 0.3% at $77,187.04.
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