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Stock market today: Dow, S&P 500, Nasdaq close higher as Nvidia pops, Google slides
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US stocks recovered from losses on Wednesday to close higher on the day.
Earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) fell short, but Big Tech got a boost from a jump in Nvidia (NVDA) shares.
The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%, while the benchmark S&P 500 (^GSPC) added 0.4%.
The Dow Jones Industrial Average (^DJI) led the gains, rising 0.7%, or more than 300 points.
Alphabet's stock was under pressure, down nearly 7%, after fourth quarter cloud revenue undershot estimates. The miss rattled investors concerned that the Google parent's hefty spending on AI won't see the hoped-for payoff any time soon.
Nvidia appears to be one potential beneficiary from that spending, however.
It helped lead the major indexes' charge back from the red, rising more than 5%.
Meanwhile, the 10-year Treasury yield (^TNX) fell nine basis points to hit 4.42%, its lowest level since December 2024.
AMD's earnings provided another s
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