Wall Street rebounded on Wednesday as investors awaited an earnings report from AI chip giant Nvidia and minutes from the Federal Reserve’s October policy meeting.
Market participants processed the delayed US trade figures for August — the publication of which was held up due to a protracted government shutdown—while concurrently looking ahead to the release of a key jobs data on Thursday.
As the Federal Reserve is currently balancing the health of the labour market against inflationary risks while deliberating its next moves on interest rates, Thursday’s jobs numbers are expected to significantly influence the central bank’s policy direction.
At theopen, the Dow Jones Industrial Average rose 46.9 points, or 0.10%, to 46138.68. The S&P 500 rose 8.5 points, or 0.13%, to 6625.84, while the Nasdaq Composite rose 26.4 points, or 0.12%, to 22459.265.
Shares in Target pulled back after the retailer reported a drop in quarterly sales.
