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S&P 500, Nasdaq open higher as chip stocks gain ahead of Nvidia results

By Reuters Reuters
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2026. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2026. REUTERS/Brendan McDermid/File Photo Brendan McDermid Reuters

The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's quarterly earnings, which investors view as a crucial test of AI demand as they weighed concerns over elevated Treasury yields.

The Dow Jones Industrial Average fell 15.0 points, or 0.03%, at the open to 49348.83. The S&P 500 rose 15.6 points, or 0.21%, to 7369.19​, while the Nasdaq Composite rose 120.8 points, or 0.47%, to 25991.509.

(Reporting by Ragini Mathur in Bengaluru; Editing by Maju Samuel)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published May 20, 2026 at 6:35 AM.

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