Nvidia Earnings on Horizon, S&P Ekes up

The S&P 500 ticked higher on Wednesday as investors turn their eyes to Nvidia earnings, which could be a make-or-break moment for the bull market. The Dow Jones Industrials gained 93.42 points to move from Wednesday morning into afternoon at 45,511.49. The broader index gained 7.57 points to 6,473.51. Nvidia, which accounts for roughly 8% of the S&P 500, has the biggest weight in the broad market index The NASDAQ edged up but 3.68 points to 21,547.95. Some individual names managed strong gains despite the muted action in the broader market. MongoDB popped 32% after the developer data platform topped Wall Street’s expectations. Okta jumped 2% after its quarterly results and full-year forecast beat consensus estimates. Prices for 10-year Treasury regained lost ground Wednesday upping yields to 4.27% from Tuesday’s 4.26%. Treasury prices and yields move in opposite directions. Oil prices increased 69 cents to $63.94 U.S. a barrel. Gold prices retreated $6.40 at $3,439.10 U.S. an ounce.