Wall Street stocks were on the rise this morning, the Associated Press reports. Futures for the S&P 500 rose 1% before the opening bell, and futures for the Dow Jones Industrial Average were up 0.4%. Futures for the Nasdaq, home to Nvidia, other chipmakers and the biggest American technology companies, climbed 1.5%.
Nvidia shares jumped 6% in off-hours trading after the chipmaker and artificial intelligence (AI) bellwether delivered another quarter of robust growth, despite tariff-driven turbulence.
Trump’s on-again, off-again trade war has whipsawed Nvidia and other Big Tech companies riding AI mania to propel their revenue and stock prices upward. Heading into its earnings announcement Wednesday, Nvidia’s share price was right where it was at the beginning of 2025, before Trump took office and started his tariff rollouts.
Nvidia’s earnings helped to propel other chipmakers and technology companies higher. Broadcom and Advanced Micro Devices each rose 3.1%, while Super Micro Computer jumped 4%. Apple and Amazon both rose about 2.5%.
Meanwhile Thursday, U.S. benchmark crude oil gained 32 cents to $62.16 per barrel. Brent crude, the international standard, added 26 cents to $64.58 per barrel.
The dollar was trading at 144.98 yen, up from 144.87 yen late Wednesday.
