S&P Builds on Strength over Past Few Days

Stocks were higher Wednesday as Wall Street looked to extend a strong start to the week that pushed the benchmark S&P 500 into the green for the year.The Dow Jones Industrials recovered 81.61 points to begin Wednesday at 42,222.04.The much-broader index inched up 2.31 points to 5,888.86The NASDAQ Composite gained 72.85 points to 19,082.84Technology stocks continued to lead the rebound on Wednesday. Shares of Nvidia advanced more than 2%, following news that it would send Saudi Arabia 18,000 of its top artificial intelligence chips. Peer chip stock AMD also rose more than 7% on the back of a $6-billion buyback.Week to date, the S&P 500 has improved 4% and the Dow is up more than 2%. The NASDAQ has soared more than 6%.This week’s pop also put the S&P 500 in positive territory for the year. At one point, the broader index was more than 20% below its record high set in February. Since hitting that April 7 intraday low, the benchmark is up more than 21%. Prices for the 10-year Treasury were unchanged, keeping yields at Tuesday’s 4.49%. Oil prices fell off 21 cents to $63.46 U.S. a barrel. Prices for gold tailed off $57.20 to $3,190.60 U.S.