U.S. stocks ended higher on Thursday as investors shifted focus to cyclical stocks tied to the economy, rotating away from technology shares.
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The S&P 500 closed flat as investors awaited Nvidia's earnings, with its shares down 1% ahead of the report.
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The Nasdaq Composite climbed 1.04% on Tuesday to close at 18,987.47, driven by strong gains in technology stocks, particularly Nvidia, which surged nearly 5% ahead of its upcoming earnings report.
The Nasdaq Composite gained 0.6% on Monday, closing at 18,791.81, as Wall Street recovered from a challenging week.
Stocks declined sharply on Friday as postelection optimism faded and concerns about Federal Reserve policy and inflation dampened sentiment.
U.S. stocks dipped on Thursday as Federal Reserve Chair Jerome Powell’s cautious stance on rate cuts weighed on investor sentiment.
The S&P 500 and the Dow Jones Industrial Average closed near flat on Wednesday as the post-election rally appeared to lose momentum.