NEW YORK (AFP) – Wall Street stocks climbed early yesterday to open a week that includes a Federal Reserve meeting and a technology conference hosted by Nvidia.
Tomorrow, the Fed is widely expected to keep interest rates unchanged, but the US central bank will give signals on when it could begin to cut rates.
Markets are also tracking Nvidia’s GTC conference in California where the chipmaker’s CEO Jensen Huang will offer updates on groundbreaking artificial intelligence technology.
About 10 minutes into trading, the Dow Jones Industrial Average was up 0.3 percent at 38,816.55.
The broad-based S&P 500 advanced one per cent to 5,165.84, while the tech-rich Nasdaq Composite Index gained 1.5 per cent to 16,208.21.
Google-parent Alphabet jumped seven per cent following a Bloomberg report that Apple was in talks to build Google’s Gemini artificial intelligence platform into its smartphones. Apple’s shares rose two per cent.
