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

[NEW YORK] The S&P 500 and the Nasdaq opened higher on Wednesday (May 20), 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 per cent, at the open to 49,348.83.

The S&P 500 rose 15.6 points, or 0.21 per cent, to 7,369.19​, while the Nasdaq Composite rose 120.8 points, or 0.47 per cent, to 25,991.509. REUTERS