Nvidia Did the Heavy Lifting for the Major Market Indexes Today

Major market indexes rose modestly by 0.4% on Wednesday, with Nvidia and Meta Platforms driving nearly all gains. Nvidia jumped 3.8% to $225.67, single-handedly contributing 0.38% to the Nasdaq Composite's gain. Without these two stocks, the Nasdaq would be down and the S&P 500 would be nearly flat. Market moves were driven by macroeconomic factors, including New York Fed President John Williams' comments on Treasury yields reflecting a strong economy driven by AI and data center investment.