U.S. stocks gain on tech and earnings hopes
U.S. stocks closed higher, supported by strong performances in technology shares, ahead of the upcoming NVIDIA earnings announcement and important inflation data. The S&P 500 increased by 0.3% to 7,675.54 points, while the Nasdaq rose by 0.7% to 26,151.30 points, and the Dow Jones gained 0.3% to 53,577.17 points. NVIDIA's stock recovered after a seven-session decline, as investors eagerly await its upcoming quarterly results, which could influence the wave of investment in artificial intelligence, with expectations of nearly $92 billion in revenue for this quarter.
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